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.
JBL in +2.96% Uptrend, advancing for three consecutive days on June 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where JBL advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for JBL crossed bullishly above the 50-day moving average on May 01, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 266 cases where JBL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Moving Average Convergence Divergence Histogram (MACD) for JBL turned negative on May 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 of 62 cases within the following month. The odds of a continued downward trend are .
JBL broke above its upper Bollinger Band on June 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (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 (best 1 - 100 worst), indicating outstanding 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Valuation Rating of (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: P/B Ratio (13.680) is normal, around the industry mean (5.465). P/E Ratio (38.962) is within average values for comparable stocks, (49.459). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.857). JBL has a moderately low Dividend Yield (0.002) as compared to the industry average of (0.025). P/S Ratio (0.730) is also within normal values, averaging (4.141).
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General Information
a manufacturer of electronics products
Industry ElectronicComponents