Jabil will report its latest quarterly results Wednesday before the bell, with the market expecting revenue to grow 17.1% year on year, slowing from the 18.5% increase it recorded in the same quarter last year. Last quarter, the electronics manufacturing services provider beat analysts' revenue expectations, reporting revenues of $8.75 billion, up 11.8% year on year, and also delivered an impressive beat of analysts' EPS guidance for next quarter estimates, with revenue guidance for next quarter exceeding analysts' expectations. Most analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings, and Jabil has a history of exceeding Wall Street's expectations. Among Jabil's peers in the tech hardware and electronics segment, only TD SYNNEX has reported results so far, exceeding analysts' revenue estimates with year-on-year sales growth of 37.7%, though its stock was down 8.6% on the results. Jabil is up 4.5% over the last month, while the broader tech hardware and electronics group has underperformed with share prices down 4.9% on average, and it heads into earnings with an average analyst price target of $427.33 compared to the current share price of $319.00.
Synnex CorporationTD SYNNEX is cited as the only peer to have reported, beating revenue estimates with 37.7% growth though its stock fell 8.6%.
WT Microelectronics Co Ltd
Jabil Circuit IncJabil is the subject, heading into Wednesday's earnings with expected 17.1% revenue growth and a history of beats, but no actual result yet.
