Jabil Analysts Slash Their Forecasts Following Q3 Results
Portfolio Pulse from Avi Kapoor
Jabil Inc. (NYSE:JBL) reported better-than-expected Q3 results with revenue of $6.77 billion and adjusted EPS of $1.89. Despite this, shares dipped 11.4% to $111.79. Analysts from UBS and JP Morgan lowered their price targets but maintained their ratings.
June 21, 2024 | 1:10 pm
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NEGATIVE IMPACT
Jabil Inc. reported better-than-expected Q3 results but saw a significant share price drop of 11.4%. Analysts from UBS and JP Morgan lowered their price targets while maintaining their ratings.
Despite beating Q3 revenue and EPS estimates, Jabil's share price dropped significantly, indicating investor concerns. Analysts lowering price targets further suggests cautious sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100