Jabil (JBL) Surpasses Q3 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
0mins
Source: NASDAQ.COM
- Jabil's Quarterly Earnings: Jabil reported quarterly earnings of $1.89 per share, beating estimates and showing a 2.16% surprise.
- Revenue Performance: The company posted revenues of $6.77 billion, surpassing expectations by 3.98%.
- Stock Movement: Jabil shares have decreased by 0.9% this year compared to the S&P 500's gain of 15%.
- Earnings Outlook: The company's earnings outlook is unfavorable, leading to a Zacks Rank #4 (Sell) for the stock.
- Industry Impact: Industry outlook can affect stock performance; Electronics - Manufacturing Services is currently in the top 39% of Zacks industries.
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Analyst Views on JBL
Wall Street analysts forecast JBL stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 251.130
Low
244.00
Averages
265.00
High
283.00
Current: 251.130
Low
244.00
Averages
265.00
High
283.00
About JBL
Jabil Inc. provides comprehensive engineering, manufacturing, and supply chain solutions. The Company provides comprehensive electronics design, production, and product management services to companies in various industries and end markets. The Company’s Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries. Its Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (AI) infrastructure and includes revenues from customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries. Its Connected Living and Digital Commerce segment is focused on digitalization and automation, including warehouse automation and robotics. The Company is also engaged in drug development and manufacturing solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Funding Injection: Apptronik announced a $520 million Series A-X funding round, extending a previously oversubscribed $415 million round in 2025, bringing total commitments to over $935 million, which will be used to ramp up production of its Apollo humanoid robot.
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Financial Overview: The company has issued $500 million in senior notes with a 4.200% interest rate.
Maturity Date: The senior notes are due in 2029, indicating a long-term financing strategy.
See More
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- Company Performance: Jabil, a data center infrastructure company, has reported a strong start to 2026.
- Board Activity: Board members of Jabil are initiating a series of stock sales as the year begins.
See More
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- Strategic Investment Collaboration: Jabil has formed a strategic minority investment and manufacturing collaboration with EHT Semi, combining Jabil's manufacturing capabilities with EHT's innovative power delivery technologies to tackle critical challenges in advanced semiconductor fabrication.
- Technological Innovation Enhancement: EHT Semi specializes in RF and pulsed DC power systems that deliver unprecedented plasma stability and precision, enabling breakthrough capabilities in high aspect ratio etch, atomic layer etch, and atomic layer deposition for next-generation semiconductor processes.
- Market Demand Response: This collaboration leverages Jabil's expertise in high-voltage power systems to help EHT Semi deliver next-generation RF and pulsed-power solutions to global semiconductor leaders, addressing the growing demand for high-performance semiconductors.
- Compliance and Scalability: EHT's CEO noted that collaborating with Jabil removes barriers to scaling, ensures compliance with global manufacturing standards and cost targets, enabling EHT to serve the largest semiconductor manufacturers and further solidify its market position.
See More
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- Goldman Sachs Gains: Goldman Sachs has risen about 4% this week, with a 4.6% increase on Thursday following its quarterly earnings report, reflecting strong market confidence in its financial health.
- Regional Bank Performance: Regions Financial has gained 15.3% over the past three months, despite a 2.5% drop this week, showcasing the resilience and growth potential of regional banks in the current market.
- Tech Stock Dynamics: Taiwan Semiconductor's stock rose 4.4% and is up 12% in January, with its strong earnings report seen as a signal for a tech stock recovery, further boosting market optimism towards technology shares.
See More
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- Analyst Price Target Increase: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations for growing data center demand, implying nearly 17% upside potential.
- Consistent Bullish Views: Bank of America also raised its price target on Jabil from $265 to $280, further reflecting positive market sentiment, although investors should remain focused on the company's fundamentals.
- Financial Health Outlook: Jabil projects year-over-year revenue growth for fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence sector and significant growth potential, making it a worthy consideration for investors.
See More
