The most recent trading session ended with Jabil (JBL) standing at $167.74, reflecting a -0.85% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.56% for the day. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.51%.
Coming into today, shares of the electronics manufacturer had gained 15.42% in the past month. In that same time, the Computer and Technology sector gained 11.21%, while the S&P 500 gained 7.37%.
The upcoming earnings release of Jabil will be of great interest to investors. The company's upcoming EPS is projected at $2.28, signifying a 20.63% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $6.98 billion, indicating a 3.18% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.93 per share and a revenue of $27.82 billion, representing changes of +5.18% and -3.68%, respectively, from the prior year.
It is also important to note the 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 company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Jabil presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Jabil currently has a Forward P/E ratio of 18.94. This represents a discount compared to its industry's average Forward P/E of 19.06.
Investors should also note that JBL has a PEG ratio of 1.51 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Manufacturing Services industry had an average PEG ratio of 1.32 as trading concluded yesterday.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 207, positioning it in the bottom 17% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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