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Jabil (JBL) Registers a Bigger Fall Than the Market: Important Facts to Note
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Jabil (JBL - Free Report) closed the most recent trading day at $287.77, moving -1.09% from the previous trading session. This change lagged the S&P 500's daily loss of 0.31%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
Shares of the electronics manufacturer have appreciated by 1.42% over the course of the past month, outperforming the Computer and Technology sector's loss of 3.14%, and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Jabil in its upcoming release. The company is expected to report EPS of $4.1, up 43.86% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $11.03 billion, indicating a 32.76% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.61 per share and revenue of $44.62 billion, indicating changes of +34.53% and +24.11%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 5.34% higher. Right now, Jabil possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Jabil is presently trading at a Forward P/E ratio of 16.52. This represents a discount compared to its industry average Forward P/E of 23.78.
It is also worth noting that JBL currently has a PEG ratio of 0.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Manufacturing Services industry had an average PEG ratio of 0.65 as trading concluded yesterday.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JBL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Jabil (JBL) Registers a Bigger Fall Than the Market: Important Facts to Note
Jabil (JBL - Free Report) closed the most recent trading day at $287.77, moving -1.09% from the previous trading session. This change lagged the S&P 500's daily loss of 0.31%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
Shares of the electronics manufacturer have appreciated by 1.42% over the course of the past month, outperforming the Computer and Technology sector's loss of 3.14%, and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Jabil in its upcoming release. The company is expected to report EPS of $4.1, up 43.86% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $11.03 billion, indicating a 32.76% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.61 per share and revenue of $44.62 billion, indicating changes of +34.53% and +24.11%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Jabil. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 5.34% higher. Right now, Jabil possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Jabil is presently trading at a Forward P/E ratio of 16.52. This represents a discount compared to its industry average Forward P/E of 23.78.
It is also worth noting that JBL currently has a PEG ratio of 0.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Manufacturing Services industry had an average PEG ratio of 0.65 as trading concluded yesterday.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JBL in the coming trading sessions, be sure to utilize Zacks.com.