Can Jabil Circuit (JBL) Run Higher on Strong Earnings Estimate Revisions? – Tale of the Tape

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, 1 estimate have gone higher for Jabil Circuit while 0 have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 30 cents a share 30 days ago, to 37 cents today, a move of 23.3%.

Current Year Estimates for JBL

Meanwhile, Jabil Circuit’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 0 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from
$1.51 per share 30 days ago to $1.69 per share today, an increase of nearly 12%.

Bottom Line

The stock has also started to move higher lately, adding 8.2% 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 #1 (Strong Buy) stock to profit in the near future.

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