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Jabil (JBL) Declines More Than Market: Some Information for Investors
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Jabil (JBL - Free Report) ended the recent trading session at $249.82, demonstrating a -1.08% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.74%.
Prior to today's trading, shares of the electronics manufacturer had lost 19.05% lagged the Computer and Technology sector's loss of 13.13% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Jabil in its forthcoming earnings report. The company is expected to report EPS of $4.1, up 43.86% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $11.03 billion, indicating a 32.76% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $17.61 per share and a revenue of $44.62 billion, demonstrating changes of +34.53% and +24.11%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Jabil. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Jabil's current valuation metrics, including its Forward P/E ratio of 14.34. This represents a discount compared to its industry average Forward P/E of 19.26.
One should further note that JBL currently holds a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Declines More Than Market: Some Information for Investors
Jabil (JBL - Free Report) ended the recent trading session at $249.82, demonstrating a -1.08% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.74%.
Prior to today's trading, shares of the electronics manufacturer had lost 19.05% lagged the Computer and Technology sector's loss of 13.13% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Jabil in its forthcoming earnings report. The company is expected to report EPS of $4.1, up 43.86% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $11.03 billion, indicating a 32.76% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $17.61 per share and a revenue of $44.62 billion, demonstrating changes of +34.53% and +24.11%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Jabil. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Jabil is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Jabil's current valuation metrics, including its Forward P/E ratio of 14.34. This represents a discount compared to its industry average Forward P/E of 19.26.
One should further note that JBL currently holds a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Manufacturing Services stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.