Jabil Expects Q4 Revenue of $6.3B-$6.9B Vs $6.8B Est, Adj EPS of $2.03-$2.43 Vs $2.22 Est
Portfolio Pulse from Benzinga Newsdesk
Jabil Inc. (JBL) has released its Q4 fiscal year 2024 outlook, projecting net revenue between $6.3 billion and $6.9 billion, and adjusted EPS between $2.03 and $2.43, compared to the estimated $2.22. The company also provided GAAP and non-GAAP operating income and EPS ranges.
June 20, 2024 | 11:48 am
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Jabil Inc. has provided its Q4 fiscal year 2024 outlook, with revenue expected between $6.3 billion and $6.9 billion, and adjusted EPS between $2.03 and $2.43, compared to the estimated $2.22. This guidance suggests a mixed outlook, with revenue potentially below or above estimates and EPS slightly above estimates.
The revenue guidance range of $6.3 billion to $6.9 billion is broad, indicating uncertainty, but the adjusted EPS range of $2.03 to $2.43 is slightly above the estimated $2.22, which could be seen as a positive. However, the mixed signals in revenue and EPS guidance may lead to a neutral short-term impact on the stock price.
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