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Why Jabil (JBL) Dipped More Than Broader Market Today
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Jabil (JBL - Free Report) closed the most recent trading day at $261.28, moving -3.62% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.04% for the day. At the same time, the Dow lost 1.66%, and the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the electronics manufacturer had gained 11.49% in the past month. In that same time, the Computer and Technology sector gained 0.34%, while the S&P 500 gained 1.75%.
Market participants will be closely following the financial results of Jabil in its upcoming release. In that report, analysts expect Jabil to post earnings of $2.56 per share. This would mark year-over-year growth of 31.96%. 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.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $11.58 per share and revenue of $32.42 billion. These results would represent year-over-year changes of +18.77% and +8.8%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jabil. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Jabil holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 23.41 right now. For comparison, its industry has an average Forward P/E of 24.56, which means Jabil is trading at a discount to the group.
Meanwhile, JBL's PEG ratio is currently 1.58. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 1.08 based on yesterday's closing prices.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 7, which puts it in the top 3% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Jabil (JBL) Dipped More Than Broader Market Today
Jabil (JBL - Free Report) closed the most recent trading day at $261.28, moving -3.62% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.04% for the day. At the same time, the Dow lost 1.66%, and the tech-heavy Nasdaq lost 1.13%.
Coming into today, shares of the electronics manufacturer had gained 11.49% in the past month. In that same time, the Computer and Technology sector gained 0.34%, while the S&P 500 gained 1.75%.
Market participants will be closely following the financial results of Jabil in its upcoming release. In that report, analysts expect Jabil to post earnings of $2.56 per share. This would mark year-over-year growth of 31.96%. 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.
JBL's full-year Zacks Consensus Estimates are calling for earnings of $11.58 per share and revenue of $32.42 billion. These results would represent year-over-year changes of +18.77% and +8.8%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jabil. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Jabil holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 23.41 right now. For comparison, its industry has an average Forward P/E of 24.56, which means Jabil is trading at a discount to the group.
Meanwhile, JBL's PEG ratio is currently 1.58. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 1.08 based on yesterday's closing prices.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 7, which puts it in the top 3% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.