Jabil Inc. reports results for the quarter ended August 31 - Earnings Summary

• Jabil Inc. JBL.N reported quarterly adjusted earnings of $4.40​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $3.29. The mean expectation of eleven analysts for the quarter was for earnings of $4.07 per share. Wall Street expected results to range from $4.00 to $4.17 per share.

• Revenue rose 28.6% to $10.62 billion from a year ago; analysts expected $9.71 billion.

• Jabil Inc.'s reported EPS for the quarter was $3.76​.

• The company reported quarterly net income of $398 million.

• Jabil Inc. shares had fallen by 17.3% this quarter and gained 39.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Jabil Inc. is $435.00, about 26.7% above its last closing price of $318.84

This summary was machine generated from LSEG data September 30 at 01:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)