Jabil Inc (NYSE: JBL) has reported E.P.S. of $7.41 for its second fiscal quarter (ending February 28) versus $1.55 for the same period a year ago. For the latest four quarters through February 28, E.P.S. were $11.74 versus $7.06 for the same period a year ago.
Recent Price Action
Jabil Inc (NYSE: JBL) stock suffered a major decline of -16.5% on 3/15/24. The shares closed at $123.15. Moreover, exceptionally high trading volume at 642% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -20.3% during the last week.
Current PriceTarget Research Rating
JBL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Jabil has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Jabil has a neutral Appreciation Score of 55 but a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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