Jabil Inc. (NYSE:JBL) will release its first-quarter financial results, before the opening bell, on Wednesday, Dec. 18.
Analysts expect the Saint Petersburg, Florida-based retailer to report quarterly earnings at $1.88 per share, down from $2.60 per share in the year-ago period. Jabil projects quarterly revenue of $6.61 billion, compared to $8.39 billion a year earlier, according to data from Benzinga Pro.
On Sept. 26, Jabil reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the analyst consensus estimate of $6.59 billion.
Jabil shares fell 0.1% to close at $134.99 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Stifel analyst Matthew Sheerin maintained a Buy rating and raised the price target from $140 to $150 on Dec. 4. This analyst has an accuracy rate of 74%.
- Barclays analyst George Wang maintained an Overweight rating and boosted the price target from $135 to $157 on Sept. 27. This analyst has an accuracy rate of 66%.
- JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $137 to $133 on Sept. 3. This analyst has an accuracy rate of 70%.
- UBS analyst David Vogt maintained a Neutral rating and cut the price target from $130 to $120 on June 21. This analyst has an accuracy rate of 71%.
- Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on March 19. This analyst has an accuracy rate of 76%.
Considering buying JBL stock? Here’s what analysts think:
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