Jabil Inc.’s Stock Price Plummets to $111.79, Witnessing a Sharp Decrease of 11.44%

Jabil Inc. (JBL)

111.79 USD -14.44 (-11.44%) Volume: 5.58M

Jabil Inc.’s stock price stands at 111.79 USD, witnessing a drop of 11.44% this trading session with a trading volume of 5.58M. The stock has experienced a year-to-date percentage change of -12.25%, reflecting its market performance.

Latest developments on Jabil Inc.

Jabil Circuit‘s stock price saw a significant increase today following the company’s impressive earnings report. The tech company exceeded expectations by $0.04 per share and also surpassed revenue estimates. This positive news has boosted investor confidence in Jabil Circuit, leading to a surge in stock price. The strong financial performance indicates that the company is on a solid growth trajectory, attracting more attention from shareholders and analysts alike.

Jabil Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Jabil Circuit, a company that achieved approximately $6.8 billion in revenue in the second quarter of fiscal year 2024. The performance was in line with the guidance for the majority of the company’s businesses. In their report titled “Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers,” the analysts delve into the company’s advancements in artificial intelligence and the key drivers behind its success.

Furthermore, Baptista Research analysts also explored the impact of the Retronix acquisition on Jabil Inc. in their report “Jabil Inc.: Can The Retronix Acquisition Be A Game Changer? – Major Drivers.” Despite delivering mixed results in the previous quarter, with revenues below the analyst consensus, Jabil Inc. managed to surpass Wall Street’s earnings expectations. The core operating income reached $499 million, constituting 6% of revenue and marking a significant 120 basis points increase year-over-year. Cash flows from operations amounted to $448 million, with an adjusted free cash flow of $173 million after deducting net capital expenditures of $275 million.

A look at Jabil Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Jabil Circuit has a positive long-term outlook with high scores in Growth and Momentum. This indicates that the company is expected to experience strong growth and performance in the future. With its focus on electronic manufacturing services for various markets, Jabil Circuit is well-positioned to capitalize on emerging opportunities and trends in the industry.

While Jabil Circuit has average scores in Value and Resilience, its high score in Growth suggests that the company has the potential for significant expansion and development. Additionally, its solid score in Momentum indicates that Jabil Circuit is likely to maintain its current positive trajectory. Overall, Jabil Circuit‘s Smart Scores point towards a promising future for the company as it continues to provide electronic manufacturing services to international clients.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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