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Jabil (JBL) Stock Dips While Market Gains: Key Facts
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In the latest close session, Jabil (JBL - Free Report) was down 4.84% at $258.56. The stock's performance was behind the S&P 500's daily gain of 1.58%. Elsewhere, the Dow saw an upswing of 3.03%, while the tech-heavy Nasdaq appreciated by 1.44%.
Coming into today, shares of the electronics manufacturer had lost 12.13% in the past month. In that same time, the Computer and Technology sector lost 12.04%, while the S&P 500 lost 1.97%.
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 $4.1 per share. This would mark year-over-year growth of 43.86%. At the same time, our most recent consensus estimate is projecting a revenue of $11.03 billion, reflecting a 32.76% rise from the equivalent quarter last 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 note any recent changes to analyst estimates for Jabil. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. Within the past 30 days, our consensus EPS projection remained stagnant. Jabil currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 15.43 right now. Its industry sports an average Forward P/E of 20.99, so one might conclude that Jabil is trading at a discount comparatively.
Also, we should mention that JBL has a PEG ratio of 0.77. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. 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. 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Jabil (JBL) Stock Dips While Market Gains: Key Facts
In the latest close session, Jabil (JBL - Free Report) was down 4.84% at $258.56. The stock's performance was behind the S&P 500's daily gain of 1.58%. Elsewhere, the Dow saw an upswing of 3.03%, while the tech-heavy Nasdaq appreciated by 1.44%.
Coming into today, shares of the electronics manufacturer had lost 12.13% in the past month. In that same time, the Computer and Technology sector lost 12.04%, while the S&P 500 lost 1.97%.
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 $4.1 per share. This would mark year-over-year growth of 43.86%. At the same time, our most recent consensus estimate is projecting a revenue of $11.03 billion, reflecting a 32.76% rise from the equivalent quarter last 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 note any recent changes to analyst estimates for Jabil. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. Within the past 30 days, our consensus EPS projection remained stagnant. Jabil currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 15.43 right now. Its industry sports an average Forward P/E of 20.99, so one might conclude that Jabil is trading at a discount comparatively.
Also, we should mention that JBL has a PEG ratio of 0.77. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. 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. 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.