Electronics manufacturer Jabil JBL is set to report fiscal Q3 results on Wednesday before the opening bell. A Zacks Rank #2 (Buy), Jabil surpassed the earnings mark in each of the past four quarters. With the stock breaking out to all-time highs, is JBL a buy ahead of the release?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Analysts are expecting the company to post earnings of $3.09 per share, reflecting outsized growth of 21.2% versus the same quarter last year. Sales are projected to have leapt nearly 9% to $8.53 billion during the quarter.
Jabil serves as a silent partner behind many of the world’s most recognizable brands. Major tech giants Apple $AAPL and Amazon $AMZN have been among its largest clients.
The AI infrastructure provider delivered an average earnings surprise of 7.9% over the prior four quarters. Shares are up nearly 70% year-to-date and are outperforming the major indexes.
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