Jabil Inc. to release Q3 earnings on June 15, but what can investors expect?

🌥️As Jabil Inc. prepares to release its Q3 earnings results on June 15, investors are keeping a close eye on the company’s financials, recent price performance and analysts’ estimates. Let’s take a closer look at what we can expect from the upcoming earnings call based on the data we have.

Fundamental Analysis

Jabil Inc. is a global manufacturing solutions company that provides comprehensive design, manufacturing, supply chain and product management services to a wide array of industries. In terms of financials, the company reported a net income of $207 million and total revenue of $8.1 billion for Q2 2023. This was a slight decrease from the previous quarter but still exceeded analysts’ estimates. Additionally, Jabil‘s diluted EPS for Q2 2023 came in at $1.52 per share.

Over the past year, Jabil has seen steady growth in its net income and total revenue, with Q1 2022 being the most profitable quarter with a net income of $223 million and total revenue of $9.6 billion. Diluted EPS for the past year has ranged from $1.51 to $2.25 per share.

Technical Analysis

Looking at Jabil‘s recent price performance, we see that the stock has been on an upward trend over the past few months. Its current price is at $94.9 – up from $74.2 just three months ago. However, there has been some volatility during this time period with fluctuations in price ranging from $77.2 to $94.9, or a 19.6% increase in price in one month alone.

Historically speaking, Jabil has been a relatively consistent performer in terms of stock price. However, due to the effects of COVID-19 on their operations and global supply chain, the company saw a significant decrease in stock price from $38.64 to $19.60. However, Jabil has since rebounded and the current stock price is just around its pre-COVID-19 level.

Analysts’ Estimates

According to MorningStar consensus estimates, analysts are expecting Jabil to report adjusted EPS of $1.81 per share this quarter. This estimate has remained consistent for the past 30, 60 and 90 days. This suggests that analysts have a positive outlook for the company and anticipate it to meet or exceed expectations.

Overall, Jabil‘s past year financials, recent price performance and analysts’ estimates provide a strong indication that the company is performing well and is well-positioned for future growth.

What Does This Mean for Investors?

Investors should stay tuned to Jabil‘s Q3 earnings call as it may provide some insight into the company’s future growth prospects, plans for expansion, and how they plan on continuing to navigate supply chain challenges that have affected the manufacturing industry over the past year.

Based on Jabil‘s past year financials, it is clear that the company has been successful in maintaining steady growth. Their recent price performance further demonstrates investor confidence in the company’s ability to perform well in this market.

Analysts’ estimates also suggest that Jabil is on track to meet or exceed expectations this quarter, which is yet another reason for investors to remain optimistic about the company’s future.

In conclusion, while there is no way to predict the future with complete accuracy, all signs point to Jabil Inc. continuing to be a strong performer in the manufacturing industry. Tune in to their Q3 earnings call on June 15th to see if they are able to exceed analysts’ expectations and continue on their upward trajectory.