Electronics manufacturer Jabil (JBL Quick QuoteJBL - Free Report) is set to report fiscal Q3 results on Wednesday before the opening bell. A Zacks Rank #2 (Buy), Jabil surpassed the earnings mark in each of the past four quarters. With the stock breaking out to all-time highs, is JBL a buy ahead of the release?

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Analysts are expecting the company to post earnings of $3.09 per share, reflecting outsized growth of 21.2% versus the same quarter last year. Sales are projected to have leapt nearly 9% to $8.53 billion during the quarter.

Jabil serves as a silent partner behind many of the world’s most recognizable brands. Major tech giants Apple and Amazon have been among its largest clients.

The AI infrastructure provider delivered an average earnings surprise of 7.9% over the prior four quarters. Shares are up nearly 70% year-to-date and are outperforming the major indexes.