Jabil Likely To Report Lowe Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Jabil Inc. (NYSE:JBL) is anticipated to report lower Q2 earnings with an expected EPS of $1.66, down from $1.88 year-over-year, and revenue of $6.89 billion. The company declared a quarterly dividend of 8 cents per share. Shares fell 0.9% to $147.46 recently. Analysts from Goldman Sachs, Stifel, JP Morgan, Barclays, and Raymond James have provided varied ratings and price targets for JBL, reflecting a mix of optimism and caution.
March 15, 2024 | 5:47 am
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Jabil Inc. is expected to report lower Q2 earnings with a projected EPS of $1.66, down from the previous year, and a quarterly dividend of 8 cents per share has been declared. Analysts have mixed views, with price targets ranging from $135 to $161.
The expected decrease in EPS for Q2 indicates a potential short-term negative impact on JBL's stock price. The mixed analyst ratings and adjustments in price targets suggest uncertainty, which could lead to volatility. The recent share price drop further supports the potential for a negative short-term impact. However, the declaration of a dividend might offset some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100