In the latest trading session, Jabil (JBL) closed at $261.18, marking a -1.44% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.04%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Shares of the electronics manufacturer have appreciated by 11.72% over the course of the past month, outperforming the Computer and Technology sector's loss of 5.15%, and the S&P 500's loss of 1.33%.
The investment community will be closely monitoring the performance of Jabil in its forthcoming earnings report. 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. Meanwhile, our latest consensus estimate is calling for revenue of $7.75 billion, up 15.21% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.58 per share and a revenue of $32.42 billion, signifying shifts of +18.77% and +8.8%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Jabil. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Jabil is currently a Zacks Rank #3 (Hold).
In terms of valuation, Jabil is presently being traded at a Forward P/E ratio of 22.88. This valuation marks a discount compared to its industry average Forward P/E of 24.01.
We can also see that JBL currently has a PEG ratio of 1.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Manufacturing Services was holding an average PEG ratio of 1.07 at yesterday's closing price.
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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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