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Jabil (JBL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Jabil (JBL - Free Report) closed at $338.62, marking a -8.45% move from the previous day. This change lagged the S&P 500's daily loss of 0.69%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq depreciated by 1.33%.
Shares of the electronics manufacturer have appreciated by 20.92% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.97%, and the S&P 500's gain of 3.96%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. In that report, analysts expect Jabil to post earnings of $4.05 per share. This would mark year-over-year growth of 23.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.61 billion, up 16.51% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.74 per share and revenue of $34.97 billion, which would represent changes of +30.67% and +17.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Jabil. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 remained unchanged. Jabil is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Jabil is at present trading with a Forward P/E ratio of 29.03. Its industry sports an average Forward P/E of 30.27, so one might conclude that Jabil is trading at a discount comparatively.
We can also see that JBL currently has a PEG ratio of 1.02. 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 Electronics - Manufacturing Services was holding an average PEG ratio of 0.85 at yesterday's closing price.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 7, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Jabil (JBL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Jabil (JBL - Free Report) closed at $338.62, marking a -8.45% move from the previous day. This change lagged the S&P 500's daily loss of 0.69%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq depreciated by 1.33%.
Shares of the electronics manufacturer have appreciated by 20.92% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.97%, and the S&P 500's gain of 3.96%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. In that report, analysts expect Jabil to post earnings of $4.05 per share. This would mark year-over-year growth of 23.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.61 billion, up 16.51% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.74 per share and revenue of $34.97 billion, which would represent changes of +30.67% and +17.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Jabil. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 remained unchanged. Jabil is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Jabil is at present trading with a Forward P/E ratio of 29.03. Its industry sports an average Forward P/E of 30.27, so one might conclude that Jabil is trading at a discount comparatively.
We can also see that JBL currently has a PEG ratio of 1.02. 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 Electronics - Manufacturing Services was holding an average PEG ratio of 0.85 at yesterday's closing price.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 7, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.