Jabil Analysts Boost Their Forecasts After Strong Q3 Results
Portfolio Pulse from Lisa Levin
Jabil Inc (NYSE:JBL) reported better-than-expected Q3 FY23 results with revenue of $8.48 billion, beating the consensus estimate of $8.20 billion. Adjusted EPS of $1.99 also beat the consensus of $1.87. Analysts at Raymond James and Credit Suisse raised their price targets on Jabil following the earnings announcement.
June 16, 2023 | 12:03 pm
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Jabil's better-than-expected Q3 results led to raised price targets by Raymond James and Credit Suisse. The stock rose 5% on Thursday but lost 0.4% in pre-market trading.
Jabil's strong Q3 results beat both revenue and EPS estimates, leading to increased price targets by Raymond James and Credit Suisse. This positive news is likely to have a short-term positive impact on the stock price, despite the slight pre-market decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100