In the latest close session, Jabil (JBL) was down 2.76% at $237.19. This change lagged the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, lost 0.94%.
Shares of the electronics manufacturer witnessed a gain of 6.97% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.51%, and the S&P 500's gain of 0.89%.
Investors will be eagerly watching for the performance of Jabil in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.56, showcasing a 31.96% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $7.75 billion, indicating a 15.21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and revenue of $32.42 billion, which would represent changes of +18.77% and +8.8%, respectively, from the prior year.
Any recent changes to analyst estimates for Jabil should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. As of now, Jabil holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Jabil is currently exchanging hands at a Forward P/E ratio of 21.06. This signifies a discount in comparison to the average Forward P/E of 23.72 for its industry.
Investors should also note that JBL has a PEG ratio of 1.43 right now. 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 1.01 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Jabil, Inc. (JBL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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