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Jabil (JBL) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Jabil (JBL - Free Report) was down 3.8% at $192.49. This change lagged the S&P 500's 1.56% loss on the day. Elsewhere, the Dow lost 0.84%, while the tech-heavy Nasdaq lost 2.16%.
Prior to today's trading, shares of the electronics manufacturer had gained 0.67% outpaced the Computer and Technology sector's gain of 0.27% and the S&P 500's loss of 0.26%.
Analysts and investors alike will be keeping a close eye on the performance of Jabil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.7, reflecting a 35% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.01 billion, indicating a 14.6% increase compared to the same quarter of the previous year.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $11.05 per share and revenue of $31.32 billion. These results would represent year-over-year changes of +13.33% and +5.09%, respectively.
Investors should also note any recent changes to analyst estimates for Jabil. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Jabil is currently exchanging hands at a Forward P/E ratio of 18.11. This denotes a discount relative to the industry average Forward P/E of 18.31.
We can additionally observe that JBL currently boasts a PEG ratio of 1.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. JBL's industry had an average PEG ratio of 0.97 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 5, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JBL in the coming trading sessions, be sure to utilize Zacks.com.
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Jabil (JBL) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Jabil (JBL - Free Report) was down 3.8% at $192.49. This change lagged the S&P 500's 1.56% loss on the day. Elsewhere, the Dow lost 0.84%, while the tech-heavy Nasdaq lost 2.16%.
Prior to today's trading, shares of the electronics manufacturer had gained 0.67% outpaced the Computer and Technology sector's gain of 0.27% and the S&P 500's loss of 0.26%.
Analysts and investors alike will be keeping a close eye on the performance of Jabil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.7, reflecting a 35% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.01 billion, indicating a 14.6% increase compared to the same quarter of the previous year.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $11.05 per share and revenue of $31.32 billion. These results would represent year-over-year changes of +13.33% and +5.09%, respectively.
Investors should also note any recent changes to analyst estimates for Jabil. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Jabil is currently exchanging hands at a Forward P/E ratio of 18.11. This denotes a discount relative to the industry average Forward P/E of 18.31.
We can additionally observe that JBL currently boasts a PEG ratio of 1.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. JBL's industry had an average PEG ratio of 0.97 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 5, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JBL in the coming trading sessions, be sure to utilize Zacks.com.