Jabil (JBL) is a Great Momentum Stock: Should You Buy?

Company Overview - Jabil (JBL) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, Jabil's shares increased by 1.19%, while the Zacks Electronics - Manufacturing Services industry rose by 1.52% [5] - In the last month, Jabil's stock price changed by 4.18%, outperforming the industry's 1.74% [5] - Over the past quarter, Jabil's shares have surged by 19.78%, and they have gained 87.05% over the last year, compared to the S&P 500's -5.1% and 15.18% respectively [6] Trading Volume - Jabil's average 20-day trading volume is 1,416,843 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, five earnings estimates for Jabil have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $11.58 to $12.30 [9] - For the next fiscal year, five estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Jabil is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [10]