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Jabil (JBL - Free Report) closed the most recent trading day at $365.24, moving +2.84% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.19%, while the tech-heavy Nasdaq appreciated by 0.1%.
Prior to today's trading, shares of the electronics manufacturer had gained 18.58% lagged the Computer and Technology sector's gain of 19.09% and outpaced the S&P 500's gain of 9.13%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.08, reflecting a 20.78% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $8.53 billion, reflecting a 8.95% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.3 per share and revenue of $34.02 billion, indicating changes of +26.15% and +14.15%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Jabil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Jabil is holding a Forward P/E ratio of 28.88. This expresses a discount compared to the average Forward P/E of 30.96 of its industry.
Meanwhile, JBL's PEG ratio is currently 1.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics - Manufacturing Services industry had an average PEG ratio of 0.82.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Jabil (JBL) Outpaced the Stock Market Today
Jabil (JBL - Free Report) closed the most recent trading day at $365.24, moving +2.84% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.19%, while the tech-heavy Nasdaq appreciated by 0.1%.
Prior to today's trading, shares of the electronics manufacturer had gained 18.58% lagged the Computer and Technology sector's gain of 19.09% and outpaced the S&P 500's gain of 9.13%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.08, reflecting a 20.78% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $8.53 billion, reflecting a 8.95% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.3 per share and revenue of $34.02 billion, indicating changes of +26.15% and +14.15%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Jabil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Jabil is holding a Forward P/E ratio of 28.88. This expresses a discount compared to the average Forward P/E of 30.96 of its industry.
Meanwhile, JBL's PEG ratio is currently 1.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics - Manufacturing Services industry had an average PEG ratio of 0.82.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.