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Should You Buy #1 (Strong Buy)-Ranked Jabil (JBL) for Your Portfolio?
Jabil was upgraded to the Zacks Rank #1 list on October 1, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in St. Petersburg, FL, Jabil, Inc., is one of the largest global suppliers of electronic manufacturing services. The company offers electronics design, production, product management and after-market services to customers catering to aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage and telecommunications industries.
For fiscal 2023, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.30 to $8.18 per share. JBL boasts an average earnings surprise of 9.3%.
Earnings are expected to grow 6.9% for the current fiscal year, while revenue is projected to increase 2.9%.
Additionally, JBL has climbed higher over the past four weeks, gaining 10.9%. The S&P 500 is up 6.8% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Jabil could be just the stock to help your portfolio generate returns that could fund your retirement, your kids’ college tuition, or your short- and long-term savings goals.
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Jabil, Inc. (JBL) : Free Stock Analysis Report
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