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Jabil (JBL) Dips More Than Broader Markets: What You Should Know
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Jabil (JBL - Free Report) closed at $70.58 in the latest trading session, marking a -0.28% move from the prior day. This change lagged the S&P 500's 0.19% loss on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 0.19%.
Prior to today's trading, shares of the electronics manufacturer had gained 11.38% over the past month. This has outpaced the Computer and Technology sector's gain of 8.91% and the S&P 500's gain of 4.7% in that time.
Jabil will be looking to display strength as it nears its next earnings release, which is expected to be December 15, 2022. In that report, analysts expect Jabil to post earnings of $2.21 per share. This would mark year-over-year growth of 15.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.28 billion, up 8.34% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.18 per share and revenue of $34.45 billion. These totals would mark changes of +6.93% and +2.91%, respectively, from 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. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Jabil is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 8.66 right now. This represents a discount compared to its industry's average Forward P/E of 11.43.
Investors should also note that JBL has a PEG ratio of 0.72 right now. 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. The Electronics - Manufacturing Services was holding an average PEG ratio of 0.72 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 3, putting it in the top 2% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Jabil (JBL) Dips More Than Broader Markets: What You Should Know
Jabil (JBL - Free Report) closed at $70.58 in the latest trading session, marking a -0.28% move from the prior day. This change lagged the S&P 500's 0.19% loss on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 0.19%.
Prior to today's trading, shares of the electronics manufacturer had gained 11.38% over the past month. This has outpaced the Computer and Technology sector's gain of 8.91% and the S&P 500's gain of 4.7% in that time.
Jabil will be looking to display strength as it nears its next earnings release, which is expected to be December 15, 2022. In that report, analysts expect Jabil to post earnings of $2.21 per share. This would mark year-over-year growth of 15.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.28 billion, up 8.34% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.18 per share and revenue of $34.45 billion. These totals would mark changes of +6.93% and +2.91%, respectively, from 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. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Jabil is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Jabil has a Forward P/E ratio of 8.66 right now. This represents a discount compared to its industry's average Forward P/E of 11.43.
Investors should also note that JBL has a PEG ratio of 0.72 right now. 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. The Electronics - Manufacturing Services was holding an average PEG ratio of 0.72 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 3, putting it in the top 2% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.