Jabil Sees 11.7% Monthly Gain Outperforming Sector While EPS Forecast of $2.56
Jabil shares fell 1.44% despite an 11.72% monthly gain that outpaced the Computer and Technology sector’s 5.15% loss and the S&P 500 drop of 1.33%. Analysts project Q1 EPS of $2.56 (up 31.96%) on $7.75 billion revenue (up 15.21%), with annual EPS and revenue forecasts rising 18.77% and 8.8%.
1. Stock Performance
In the latest session, Jabil shares fell 1.44% to $261.18 while the S&P 500 rose 0.04%, the Dow dropped 0.15% and the Nasdaq gained 0.36%. Over the past month, the stock gained 11.72% versus a 5.15% loss in the Computer and Technology sector and a 1.33% drop in the S&P 500.
2. Earnings Forecast
Analysts forecast Q1 EPS of $2.56, a 31.96% year-over-year increase, on projected revenue of $7.75 billion, up 15.21%. For the full year, EPS are expected at $11.58 (up 18.77%) on revenue of $32.42 billion (up 8.8%).
3. Valuation and Analyst Ranking
Jabil trades at a forward P/E of 22.88 compared with the industry average of 24.01 and has a PEG ratio of 1.55 versus the industry’s 1.07. The stock holds a #3 (Hold) rating in its proprietary rank model and its industry ranks in the top 3%.