Jabil (JBL, $68.33) beats fiscal Q1 earnings expectations; boosts 2023 forecast
Jabil posted its first quarter earnings that exceeded analysts’ expectations, and also raised its full-year outlook on expectations of strong demand.
The manufacturing services company’s adjusted EPS came in at $2.31 for the three months through Nov. 30, topping the Street's expectations of $2.24.
Revenue rose to $9.64 billion, from $8.57 billion in the year-ago quarter, and beating the Street's forecast of $9.29 billion. The diversified manufacturing segment revenue grew +8% to $5.1 billion, while the electronics business climbed +18% to $4.5 billion.
Jabil expects adjusted profit of $8.40 a share for fiscal 2023, an upward revision of +$0.25 from its prior guidance, and higher than consensus forecast of $8.27 (based on Capital IQ data, as reported in MT NewsWires). The manufacturing services company also reaffirmed its revenue outlook of $34.5 billion.
Demand across most end markets remains "extremely resilient," and continues to benefit from "strong secular tailwinds," Chief Financial Officer Michael Dastoor mentioned in an earnings call, (according to a Capital IQ transcript).
"We feel the outlook for our business is solid and expect demand across many of our end markets to remain strong with year-over-year revenue growth at an enterprise level to be approximately 3% for (fiscal 2023) despite an assumed economic slowdown in the second half of the fiscal year." Dastoor added. Automotive revenue growth is on track to be more than 40%, and health care and industrial businesses are expected to grow in double-digits, alongwith strong gains in 5G wireless, as indicated by Dastoor.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
JBL sees its Stochastic Oscillator recovers from oversold territory
On October 05, 2026, the Stochastic Oscillator for JBL moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In 45 of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 06, 2026. You may want to consider a long position or call options on JBL as a result. In 63 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
The Moving Average Convergence Divergence (MACD) for JBL just turned positive on September 21, 2026. Looking at past instances where JBL's MACD turned positive, the stock continued to rise in 34 of 52 cases over the following month. The odds of a continued upward trend are 65%.
Following a +6.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where JBL advanced for three days, in 268 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
Bearish Trend Analysis
JBL moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JBL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
The Aroon Indicator for JBL entered a downward trend on September 14, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 14 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock better than average.
The Tickeron SMR rating for this company is 18 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 18 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 31 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 46 (best 1 - 100 worst), indicating steady price growth. JBL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 76 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: JBL's P/B Ratio (25.253) is very high in comparison to the industry average of (5.615). P/E Ratio (39.916) is within average values for comparable stocks, (81.453). Projected Growth (PEG Ratio) (0.010) is also within normal values, averaging (1.658). Dividend Yield (0.001) settles around the average of (0.005) among similar stocks. P/S Ratio (0.953) is also within normal values, averaging (4.796).
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a manufacturer of electronics products
Industry ElectronicComponents
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