Jabil Q2 Earnings Beat Estimates Amid Cloud And Data Center Growth, Stock Surges On Upbeat Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Earnings Report: Jabil Inc. reported Q2 adjusted earnings of $1.94 per share and sales of $6.73 billion, both exceeding analyst expectations. The company saw varied revenue growth across sectors, with a notable 8% increase in Regulated Industries and an 18% rise in Intelligent Infrastructure.
Future Outlook: For Q3, Jabil projects revenues between $6.7 billion to $7.3 billion and adjusted EPS of $2.08 to $2.48. Additionally, the FY25 revenue guidance has been raised to $27.9 billion, with an expected adjusted EPS of $8.95.
Analyst Views on CNAV
Wall Street analysts forecast CNAV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNAV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 32.510
Low
Averages
High
Current: 32.510
Low
Averages
High
No data
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.
