Jabil Updates FY24 Core EPS $9; Revenue ~$31B Vs $33.7B Est.
Portfolio Pulse from Benzinga Newsdesk
Jabil Inc. has updated its FY24 core EPS guidance to $9, with expected revenue around $31 billion, which falls short of the estimated $33.7 billion.
November 28, 2023 | 9:19 pm
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Jabil Inc. has provided a lower-than-expected revenue forecast for FY24 at approximately $31 billion, compared to the $33.7 billion estimate, while updating its core EPS to $9.
The updated revenue forecast by Jabil Inc. is significantly lower than the market estimate, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term. The core EPS update to $9 may not be sufficient to offset the impact of the revenue shortfall on investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100