Why Jabil (JBL) Dipped More Than Broader Market Today

Company Performance - Jabil (JBL) closed at $209.22, reflecting a -5.03% change from the previous day, underperforming the S&P 500's loss of 1.17% [1] - Over the last month, Jabil's shares increased by 8.96%, outperforming the Computer and Technology sector's gain of 5.49% and the S&P 500's gain of 2.12% [1] Upcoming Earnings - Jabil is expected to report an EPS of $2.7, representing a 35% increase compared to the same quarter last year [2] - Revenue is anticipated to reach $8.01 billion, indicating a 14.6% increase from the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates project earnings of $11.05 per share and revenue of $31.32 billion for the year, reflecting changes of +13.33% and +5.09% respectively compared to the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for Jabil's business [3][4] Valuation Metrics - Jabil is currently trading at a Forward P/E ratio of 19.94, which is below the industry average of 20.08, indicating a discount [6] - The company has a PEG ratio of 1.43, compared to the industry average PEG ratio of 1.37 [7] Industry Context - The Electronics - Manufacturing Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [8] - Strong industry rankings correlate with better performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]