Jabil Q4 Adj EPS $2.45 Beats $2.32 Estimate, Sales $8.46B Miss $8.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jabil (NYSE:JBL) reported Q4 adjusted earnings of $2.45 per share, beating the analyst consensus estimate of $2.32 by 5.6%. This is a 4.7% increase from the same period last year. However, the company's quarterly sales of $8.46 billion missed the analyst consensus estimate of $8.54 billion by 0.96%, marking a 6.33% decrease from the same period last year.
September 28, 2023 | 11:32 am
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NEUTRAL IMPACT
Jabil's Q4 earnings exceeded expectations but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Jabil's earnings beat could be a positive signal to investors, indicating operational efficiency and profitability. However, the sales miss could raise concerns about demand for the company's products and services, potentially leading to a neutral or mixed market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100