In the latest trading session, Jebel (JBL) closed at $219.26, marking a +2.6% move from the previous day. The stock gained 1.54% of the S&P 500’s daily gain. Meanwhile, the Dow added 0.81%, and a tech-heavy index, the Nasdaq, added 2.27%.
Today, shares of the electronics maker had gained 10.16% in the past month. Over the same period, the computer and technology sector gained 1.22%, while the S&P 500 added 0.29%.
Market participants will closely follow Jabil’s financial results in its upcoming releases. The company is expected to report EPS of 2.7%, up 35% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts revenue of $8.01 billion, marking a 14.6 percent increase over the same quarter last year.
For the full year, the Zacks Consensus estimates project earnings of $11.05 per share and revenue of $31.32 billion, representing changes of +13.33% and +5.09%, respectively, from last year.
Any recent changes in analyst estimates should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive outlook reviews.
Our research shows that these forecast changes are directly linked to stock prices. To exploit this, we have created ZacksRank, a quantitative model that incorporates these estimated changes and offers a viable ranking system.
The Zacks Rank System ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, externally audited track record of success, with the #1 stock delivering an average annual return of +25% since 1988. The Zacks Consensus EPS Estimate remained flat over the past month. Currently, Jebel has a Zacks Rank of #3 (Hold).
Looking at valuation, Jabil is currently trading at a forward P/E ratio of 19.34. This represents a premium compared to its industry average forward P/E of 19.24.
We can also see that JBL currently has a PEG ratio of 1.39. The PEG ratio is similar to the widely used P/E ratio, but this metric also takes into account the company’s expected earnings growth rate. Electronics-manufacturing services stocks, on average, have a PEG ratio of 1.05 based on yesterday’s closing prices.
The electronics-manufacturing services industry is a part of the computer and technology sector. With its current Zacks Industry Rank of 5, the industry is in the top 3% of all industries, numbering over 250.