These positive earnings estimate revisions suggest that analysts are becoming more optimistic on JBL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Jabil Circuit could be a solid choice for investors.
Current Quarter Estimates for JBL
In the past 30 days, even though there has been no estimate revision, the trend has been pretty favorable, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 15 cents today, a move of 6.3%.
Current Year Estimates for JBL
Meanwhile, Jabil Circuit’s current year figures are also looking quite promising, with no estimate revision and the consensus estimate trend has seen a boost for this time frame, increasing from 32 cents per share 30 days ago to 43 cents per share today, an increase of 34.4%.
Bottom Line
The stock has also started to move higher lately, adding 10.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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