Earnings To Watch: Jabil (JBL) Reports Q4 Results Tomorrow

JBL Cover Image

Electronics manufacturing services provider Jabil (NYSE: JBL) will be reporting earnings this Wednesday before the bell. Here’s what to expect.

Jabil beat analysts’ revenue expectations by 9.5% last quarter, reporting revenues of $8.25 billion, up 18.5% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS guidance for next quarter estimates and an impressive beat of analysts’ revenue estimates.

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

This quarter, analysts are expecting Jabil’s revenue to grow 14.4% year on year to $8.00 billion, a reversal from the 16.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.73 per share.

Jabil Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Jabil has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.9% on average.

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 8.5% on average over the last month. Jabil is up 10.2% during the same time and is heading into earnings with an average analyst price target of $247 (compared to the current share price of $223.14).

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