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Jabil (JBL) Advances While Market Declines: Some Information for Investors
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Jabil (JBL - Free Report) closed the most recent trading day at $305.26, moving +1.26% from the previous trading session. This change outpaced the S&P 500's 0.33% loss on the day. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, lost 0.12%.
The electronics manufacturer's stock has dropped by 4.32% in the past month, falling short of the Computer and Technology sector's gain of 7.52% and the S&P 500's gain of 3.87%.
The upcoming earnings release of Jabil will be of great interest to investors. The company is expected to report EPS of $4.05, up 23.1% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $9.61 billion, indicating a 16.51% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.74 per share and a revenue of $34.97 billion, signifying shifts of +30.67% and +17.33%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Jabil holds a Zacks Rank of #3 (Hold).
With respect to valuation, Jabil is currently being traded at a Forward P/E ratio of 23.66. For comparison, its industry has an average Forward P/E of 25.02, which means Jabil is trading at a discount to the group.
One should further note that JBL currently holds a PEG ratio of 0.83. 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. As of the close of trade yesterday, the Electronics - Manufacturing Services industry held an average PEG ratio of 0.72.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 7, positioning it in the top 3% 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.
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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Jabil (JBL) Advances While Market Declines: Some Information for Investors
Jabil (JBL - Free Report) closed the most recent trading day at $305.26, moving +1.26% from the previous trading session. This change outpaced the S&P 500's 0.33% loss on the day. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, lost 0.12%.
The electronics manufacturer's stock has dropped by 4.32% in the past month, falling short of the Computer and Technology sector's gain of 7.52% and the S&P 500's gain of 3.87%.
The upcoming earnings release of Jabil will be of great interest to investors. The company is expected to report EPS of $4.05, up 23.1% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $9.61 billion, indicating a 16.51% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.74 per share and a revenue of $34.97 billion, signifying shifts of +30.67% and +17.33%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Jabil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 past month, the Zacks Consensus EPS estimate has remained steady. As of now, Jabil holds a Zacks Rank of #3 (Hold).
With respect to valuation, Jabil is currently being traded at a Forward P/E ratio of 23.66. For comparison, its industry has an average Forward P/E of 25.02, which means Jabil is trading at a discount to the group.
One should further note that JBL currently holds a PEG ratio of 0.83. 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. As of the close of trade yesterday, the Electronics - Manufacturing Services industry held an average PEG ratio of 0.72.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 7, positioning it in the top 3% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.