Jabil Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Jabil Inc. (JBL) is set to release its Q1 fiscal year 2024 earnings before the market opens on December 14, 2023. Analysts predict earnings of $2.58 per share and revenue of $8.35 billion. Jabil will also join the S&P 500, replacing Alaska Air Group Inc. (ALK), on December 18. Ahead of the earnings call, analysts have revised their price targets for JBL, with most maintaining positive ratings but some adjusting their targets down slightly. JBL shares dropped 0.7% to $120.15 on Tuesday.
December 13, 2023 | 4:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Alaska Air Group Inc. will be replaced by Jabil Inc. in the S&P 500 on December 18. This change may influence investor sentiment and could impact ALK's stock price.
Being removed from the S&P 500 could be seen as a negative development for ALK, potentially leading to a decrease in investor interest and a short-term negative impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Analysts expect Jabil Inc. to report increased earnings and revenue for Q1 FY2024. The company is also set to join the S&P 500, which could boost investor confidence. Analysts have revised price targets with a positive outlook, despite a recent 0.7% drop in share price.
The anticipation of strong earnings and revenue, combined with the inclusion in the S&P 500, is likely to have a positive impact on JBL's stock price in the short term. The positive ratings from analysts, despite a minor share price drop, support a bullish outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90