These Analysts Increase Their Forecasts On Jabil After Q4 Results
Portfolio Pulse from Lisa Levin
Jabil Inc (NYSE:JBL) reported mixed Q4 results and strong Q1 earnings guidance. Q4 revenue was $8.46 billion, missing the consensus estimate of $8.54 billion, but adjusted EPS of $2.45 beat the consensus of $2.32. Q1 revenue is expected to be $8.4 billion-$9.0 billion, with adjusted EPS of $2.40-$2.80. Barclays and Stifel increased their price targets on Jabil following the earnings announcement.
September 29, 2023 | 6:37 pm
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POSITIVE IMPACT
Jabil's mixed Q4 results and strong Q1 guidance led to an increase in price targets by Barclays and Stifel. This could potentially lead to a positive short-term impact on the stock.
Jabil's Q4 results were mixed, with revenue missing consensus estimates but EPS beating them. However, the company's strong Q1 guidance, which beats consensus estimates, along with increased price targets from Barclays and Stifel, could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100