Jabil Reiterated FY24 Revenue of $28.5B Vs $28.49B Est, Adj EPS of $8.40 Vs $8.37 Est
Portfolio Pulse from Benzinga Newsdesk
Jabil has reiterated its Fiscal Year 2024 outlook, projecting net revenue of $28.5 billion, a core operating margin of 5.6%, core diluted earnings per share of $8.40, and adjusted free cash flow of over $1 billion. These figures are in line with market estimates.
June 20, 2024 | 11:51 am
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POSITIVE IMPACT
Jabil has reiterated its FY24 revenue and earnings outlook, which aligns closely with market estimates. This consistency may provide stability and confidence to investors.
Jabil's reaffirmation of its FY24 outlook, with figures closely matching market estimates, suggests stability and predictability in its financial performance. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100