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Jabil (JBL) closed the most recent trading day at $166.86, moving -0.09% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq appreciated by 0.72%.
The electronics manufacturer's stock has climbed by 23.25% in the past month, exceeding the Computer and Technology sector's gain of 14.29% and the S&P 500's gain of 9.86%.
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Analysts and investors alike will be keeping a close eye on the performance of Jabil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.28, reflecting a 20.63% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.98 billion, indicating a 3.18% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.93 per share and revenue of $27.82 billion. These totals would mark changes of +5.18% and -3.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Jabil. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.55% downward. Jabil is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Jabil's current valuation metrics, including its Forward P/E ratio of 18.7. This denotes a discount relative to the industry's average Forward P/E of 18.99.
It's also important to note that JBL currently trades at a PEG ratio of 1.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Manufacturing Services industry held an average PEG ratio of 1.29.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% of all 250+ industries.