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Jabil (JBL) Surpasses Market Returns: Some Facts Worth Knowing
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Jabil (JBL - Free Report) closed the most recent trading day at $265.96, moving +2.99% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.9%.
Heading into today, shares of the electronics manufacturer had gained 14.19% over the past month, outpacing the Computer and Technology sector's loss of 1.96% and the S&P 500's loss of 0.16%.
Market participants will be closely following the financial results of Jabil in its upcoming release. The company's earnings per share (EPS) are projected to be $2.56, reflecting a 31.96% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $7.75 billion, indicating a 15.21% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and a revenue of $32.42 billion, representing changes of +18.77% and +8.8%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Jabil boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 22.3 right now. This represents a discount compared to its industry average Forward P/E of 24.71.
We can also see that JBL currently has a PEG ratio of 1.51. 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 average PEG ratio for the Electronics - Manufacturing Services industry stood at 1.04 at the close of the market yesterday.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 4, finds itself in the top 2% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Jabil (JBL) Surpasses Market Returns: Some Facts Worth Knowing
Jabil (JBL - Free Report) closed the most recent trading day at $265.96, moving +2.99% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.9%.
Heading into today, shares of the electronics manufacturer had gained 14.19% over the past month, outpacing the Computer and Technology sector's loss of 1.96% and the S&P 500's loss of 0.16%.
Market participants will be closely following the financial results of Jabil in its upcoming release. The company's earnings per share (EPS) are projected to be $2.56, reflecting a 31.96% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $7.75 billion, indicating a 15.21% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and a revenue of $32.42 billion, representing changes of +18.77% and +8.8%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Jabil boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 22.3 right now. This represents a discount compared to its industry average Forward P/E of 24.71.
We can also see that JBL currently has a PEG ratio of 1.51. 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 average PEG ratio for the Electronics - Manufacturing Services industry stood at 1.04 at the close of the market yesterday.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 4, finds itself in the top 2% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.