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Jabil (JBL) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Jabil (JBL - Free Report) closed at $61.48, marking a +1.91% move from the previous day. This move outpaced the S&P 500's daily gain of 1.21%.
Heading into today, shares of the electronics manufacturer had lost 0.61% over the past month, lagging the Computer and Technology sector's gain of 1.28% and outpacing the S&P 500's loss of 0.9% in that time.
JBL will be looking to display strength as it nears its next earnings release, which is expected to be September 29, 2021. On that day, JBL is projected to report earnings of $1.36 per share, which would represent year-over-year growth of 38.78%. Meanwhile, our latest consensus estimate is calling for revenue of $7.64 billion, up 4.6% from the prior-year quarter.
Any recent changes to analyst estimates for JBL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. JBL currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JBL has a Forward P/E ratio of 10.15 right now. This represents a premium compared to its industry's average Forward P/E of 9.84.
Also, we should mention that JBL has a PEG ratio of 0.85. 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. JBL's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 (JBL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Jabil (JBL - Free Report) closed at $61.48, marking a +1.91% move from the previous day. This move outpaced the S&P 500's daily gain of 1.21%.
Heading into today, shares of the electronics manufacturer had lost 0.61% over the past month, lagging the Computer and Technology sector's gain of 1.28% and outpacing the S&P 500's loss of 0.9% in that time.
JBL will be looking to display strength as it nears its next earnings release, which is expected to be September 29, 2021. On that day, JBL is projected to report earnings of $1.36 per share, which would represent year-over-year growth of 38.78%. Meanwhile, our latest consensus estimate is calling for revenue of $7.64 billion, up 4.6% from the prior-year quarter.
Any recent changes to analyst estimates for JBL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. JBL currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JBL has a Forward P/E ratio of 10.15 right now. This represents a premium compared to its industry's average Forward P/E of 9.84.
Also, we should mention that JBL has a PEG ratio of 0.85. 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. JBL's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.