Jabil (JBL) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Jabil, with a focus on how actual results compare to estimates, which could significantly impact the stock price [1][2]. Earnings Expectations - Jabil is expected to report quarterly earnings of $2.95 per share, reflecting a year-over-year increase of +28.3%, with revenues projected at $7.66 billion, up 10.1% from the previous year [3]. - The earnings report is scheduled for release on September 25, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.9% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +5.94% suggests that analysts have recently become more optimistic about Jabil's earnings prospects, despite the stock holding a Zacks Rank of 4, which complicates predictions of an earnings beat [12]. Earnings Surprise History - Jabil has a history of beating consensus EPS estimates, having exceeded expectations in the last reported quarter by +9.44% [13]. - Over the last four quarters, Jabil has successfully beaten consensus EPS estimates each time [14]. Conclusion - While Jabil does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].