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Why Jabil (JBL) Dipped More Than Broader Market Today
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In the latest close session, Jabil (JBL - Free Report) was down 2.66% at $304.89. The stock fell short of the S&P 500, which registered a loss of 0.28% for the day. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.77%.
The electronics manufacturer's stock has climbed by 0.2% in the past month, falling short of the Computer and Technology sector's gain of 1.04% and the S&P 500's gain of 2.31%.
The investment community will be closely monitoring the performance of Jabil in its forthcoming earnings report. It is anticipated that the company will report an EPS of $4.05, marking a 23.1% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.61 billion, showing a 16.51% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.74 per share and a revenue of $34.97 billion, representing changes of +30.67% and +17.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has remained steady. Jabil currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Jabil currently has a Forward P/E ratio of 24.58. For comparison, its industry has an average Forward P/E of 25.9, which means Jabil is trading at a discount to the group.
We can additionally observe that JBL currently boasts a PEG ratio of 0.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JBL's industry had an average PEG ratio of 0.72 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 8, placing it within the top 4% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Jabil (JBL) Dipped More Than Broader Market Today
In the latest close session, Jabil (JBL - Free Report) was down 2.66% at $304.89. The stock fell short of the S&P 500, which registered a loss of 0.28% for the day. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.77%.
The electronics manufacturer's stock has climbed by 0.2% in the past month, falling short of the Computer and Technology sector's gain of 1.04% and the S&P 500's gain of 2.31%.
The investment community will be closely monitoring the performance of Jabil in its forthcoming earnings report. It is anticipated that the company will report an EPS of $4.05, marking a 23.1% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.61 billion, showing a 16.51% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.74 per share and a revenue of $34.97 billion, representing changes of +30.67% and +17.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has remained steady. Jabil currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Jabil currently has a Forward P/E ratio of 24.58. For comparison, its industry has an average Forward P/E of 25.9, which means Jabil is trading at a discount to the group.
We can additionally observe that JBL currently boasts a PEG ratio of 0.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JBL's industry had an average PEG ratio of 0.72 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 8, placing it within the top 4% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.