Jabil Circuit (JBL) Earnings: 3Q Adjusted Core EPS Surpasses Estimates at $1.89

Jabil Circuit on Smartkarma

Analyst coverage of Jabil Circuit on Smartkarma, an independent investment research network, has been insightful. Baptista Research recently published two reports on Jabil Inc. The first report, titled “Jabil Inc.: What Are Its Latest Advancements In AI? – Major Drivers,” highlights the company’s achievement of approximately $6.8 billion in revenue in the second quarter of fiscal year 2024. This performance aligns with the majority of the company’s businesses’ guidance. The second report, “Jabil Inc.: Can The Retronix Acquisition Be A Game Changer? – Major Drivers,” notes mixed results for the previous quarter, with revenues below analyst consensus but exceeding Wall Street’s earnings expectations. Jabil Inc. saw core operating income reaching $499 million, representing 6% of revenue and a significant 120 basis points increase year-over-year. Cash flows from operations were $448 million, with an adjusted free cash flow of $173 million after net capital expenditures of $275 million.

A look at Jabil Circuit 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

Analysts using the Smartkarma Smart Scores see a promising long-term outlook for Jabil Circuit, Inc. with a high Growth score of 5. This indicates that the company is expected to experience substantial growth opportunities in the future, reflecting positively on its overall performance. Additionally, Jabil Circuit demonstrates a decent level of Resilience and Momentum, scoring 3 on both, suggesting a stable and upward-trending trajectory for the company.

Although Jabil Circuit scores lower in the areas of Value and Dividend, receiving a score of 2 for both factors, its strong performance in Growth, Resilience, and Momentum bode well for its future prospects in the electronic manufacturing services sector. Overall, with its diverse service offerings catering to various markets, Jabil Circuit appears well-positioned for sustainable growth and resilience in the evolving tech industry.

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