Jabil (JBL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Jabil (JBL) closed at $206.10, down 4.43% from the previous trading session, underperforming the S&P 500's daily loss of 0.59% [1] - Prior to the recent trading, Jabil shares had lost 3.38%, lagging behind the Computer and Technology sector's gain of 3.91% and the S&P 500's gain of 2.49% [1] Earnings Forecast - The upcoming EPS for Jabil is projected at $2.92, representing a 26.96% increase compared to the same quarter of the previous year [2] - Revenue is expected to be $7.6 billion, indicating a 9.17% growth compared to the corresponding quarter of the prior year [2] Annual Estimates - For the entire year, earnings are forecasted at $9.39 per share and revenue at $29.15 billion, reflecting changes of +10.6% and +0.93% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Jabil are important as they indicate changing near-term business trends, with positive revisions reflecting analysts' confidence in business performance [4] Zacks Rank and Performance - Jabil currently holds a Zacks Rank of 2 (Buy), with the Zacks Rank system showing an impressive track record of outperformance [6] - The Zacks Consensus EPS estimate has remained steady over the past month [6] Valuation Metrics - Jabil is trading at a Forward P/E ratio of 22.98, which is higher than the industry average Forward P/E of 21.38, suggesting a premium valuation [7] - The company has a PEG ratio of 1.39, compared to the industry average PEG ratio of 1.42 [8] Industry Context - The Electronics - Manufacturing Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 10, placing it in the top 5% of over 250 industries [9]