Jabil (JBL) closes at $119.60, lags behind S&P 500 and Nasdaq, with revenue expected to decrease

From Nasdaq: 2024-05-24 18:15:09

Jabil (JBL) closed at $119.60, a 0.68% change, trailing the S&P 500 and Nasdaq. Jabil shares increased by 0.26% over the last month, reflecting sector and S&P gains of 8.26% and 4.03%. Analysts forecast a $1.90 EPS drop for the upcoming quarter, with revenue expected at $6.51 billion, a 23.23% decrease.

Jabil’s estimates for the year predict earnings of $8.41 per share and revenue of $28.49 billion, showing changes of -2.55% and -17.89% compared to the prior year. Recent analyst estimate revisions reflect short-term trends, impacting stock movement. Jabil currently holds a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 14.12.

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Read more at Nasdaq: Jabil (JBL) Ascends But Remains Behind Market: Some Facts to Note