For its first fiscal quarter (ending November 30), Jabil Inc (NYSE: JBL) has reported a -10% decline in E.P.S. from $1.65 a year ago to $1.49 in the current quarter. This result fell short of the consensus estimate of $2.58 by $-1.09. E.P.S. were $5.98 for the latest four quarters through November 30 versus $7.05 for the same period a year ago — a decline of -15%.
Recent Price Action
On 12/14/23, Jabil Inc (NYSE: JBL) stock enjoyed a major increase of 13.1%, closing at $136.42. Moreover, trading volume in this advance was exceptionally high at 337% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 19.3% during the last week.
Current PriceTarget Research Rating
JBL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 98, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive 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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