Financial News

Jabil (JBL) Reports Earnings Tomorrow: What To Expect

JBL Cover Image

Electronics manufacturing services provider Jabil (NYSE: JBL) will be announcing earnings results this Thursday morning. Here’s what you need to know.

Jabil beat analysts’ revenue expectations by 11.2% last quarter, reporting revenues of $7.83 billion, up 15.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ full-year EPS guidance estimates and full-year revenue guidance beating analysts’ expectations.

Is Jabil a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Jabil’s revenue to grow 8.2% year on year to $7.54 billion, a reversal from the 17.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.95 per share.

Jabil Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Jabil has missed Wall Street’s revenue estimates twice over the last two years.

With Jabil being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for tech hardware & electronics stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.6% on average over the last month. Jabil is up 13% during the same time and is heading into earnings with an average analyst price target of $230.25 (compared to the current share price of $236).

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