Jabil (JBL) closed the most recent trading day at $257.40, moving +1.11% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.14%.
The electronics manufacturer's shares have seen an increase of 1.31% over the last month, surpassing the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.
The upcoming earnings release of Jabil will be of great interest to investors. 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 project earnings of $11.58 per share and a revenue of $32.42 billion, demonstrating changes of +18.77% and +8.8%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Jabil. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Jabil is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Jabil is holding a Forward P/E ratio of 21.98. This indicates a discount in contrast to its industry's Forward P/E of 24.02.
Also, we should mention that JBL has a PEG ratio of 1.49. 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 1.03.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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