Jabil Earnings Preview
Portfolio Pulse from Benzinga Insights
Jabil (NYSE:JBL) is set to release its quarterly earnings report on March 15, 2024, with an estimated EPS of $1.66. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historical data shows mixed reactions to past earnings, with the last quarter's beat followed by a 2.57% drop in share price. Shares have risen 89.18% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

March 14, 2024 | 2:00 pm
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Jabil is expected to report an EPS of $1.66 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with the last quarter's beat followed by a 2.57% drop in share price. Shares have significantly appreciated over the past year.
Given Jabil's historical performance, the upcoming earnings report could have a neutral to slightly positive impact on the stock price. While past earnings beats have led to mixed short-term price movements, the overall bullish sentiment and significant year-over-year share price increase suggest a positive outlook. However, the actual impact will heavily depend on whether the earnings beat expectations and the nature of the forward guidance provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100