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Jabil (JBL) Q2 Earnings: What To Expect

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JBL Cover Image

Electronics manufacturing services provider Jabil (NYSE: JBL) will be reporting earnings this Tuesday before market open. Here’s what to look for.

Jabil beat analysts’ revenue expectations by 5.1% last quarter, reporting revenues of $6.73 billion, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts’ full-year EPS guidance estimates and full-year revenue guidance topping 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 4.1% year on year to $7.04 billion, a reversal from the 20.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.32 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 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, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. Jabil is up 3.1% during the same time and is heading into earnings with an average analyst price target of $176.01 (compared to the current share price of $172.63).

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