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Jabil (JBL) Gains As Market Dips: What You Should Know
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The most recent trading session ended with Jabil (JBL - Free Report) standing at $148.62, reflecting a +0.98% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.12%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.41%.
Shares of the electronics manufacturer have appreciated by 12.16% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 15, 2024. The company's earnings per share (EPS) are projected to be $1.94, reflecting a 3.19% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.91 billion, reflecting a 15.08% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.11 per share and a revenue of $30.61 billion, representing changes of +5.56% and -11.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Jabil. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Jabil presently features a Zacks Rank of #3 (Hold).
Investors should also note Jabil's current valuation metrics, including its Forward P/E ratio of 16.16. This valuation marks a premium compared to its industry's average Forward P/E of 15.92.
It is also worth noting that JBL currently has a PEG ratio of 1.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.12 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Jabil (JBL) Gains As Market Dips: What You Should Know
The most recent trading session ended with Jabil (JBL - Free Report) standing at $148.62, reflecting a +0.98% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.12%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.41%.
Shares of the electronics manufacturer have appreciated by 12.16% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 4.83%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 15, 2024. The company's earnings per share (EPS) are projected to be $1.94, reflecting a 3.19% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.91 billion, reflecting a 15.08% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.11 per share and a revenue of $30.61 billion, representing changes of +5.56% and -11.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Jabil. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Jabil presently features a Zacks Rank of #3 (Hold).
Investors should also note Jabil's current valuation metrics, including its Forward P/E ratio of 16.16. This valuation marks a premium compared to its industry's average Forward P/E of 15.92.
It is also worth noting that JBL currently has a PEG ratio of 1.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.12 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.