Categories Analysis, Earnings, Other Industries
Earnings Preview: Jabil Q4 earnings will not disappoint the market
Jabil Inc. (JBL) is set to report fourth quarter 2018 earnings Tuesday before the bell. The company is projected to deliver both revenue and earnings growth on a year-over-year basis.
Analysts estimate earnings to grow more than 5% year-over-year to $0.68 per share for the recently ended quarter. Revenues are estimated to come in at $5.40 billion, which would reflect a growth of around 8% year-over-year. The company has beaten market estimates consistently and is expected to do so this time too.
For the third quarter, Jabil reported revenues of $5.4 billion and a net income of $42.5 million. GAAP diluted EPS was $0.25 and core diluted EPS was $0.46. The Diversified Manufacturing Services segment posted a YoY revenue growth of 36% while the Electronics Manufacturing Services segment posted a growth of 12%. This growth trend is expected to continue in the fourth quarter also giving a boost to the topline.
The company has beaten market estimates consistently and is expected to do so this time too
During its last call, the circuit board maker provided an outlook on revenues of $5.2 billion to $5.6 billion for the fourth quarter. GAAP EPS is expected to come in between $0.38 and $0.65 while core diluted EPS is expected to come in between $0.56 and $0.80.
The stock movement is likely to fluctuate depending on whether the results meet or miss expectations. The overall sentiment around the company’s earnings appears to be positive. The stock is up 13% so far this year and looking at the past three months, the stock is up 5%. Shares of Jabil opened flat during Monday’s regular trading session.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to