Jabil Q4 Earnings Top Estimates Despite Weakness in Multiple Verticals [Yahoo! Finance]
Jabil Inc. (JBL)
Last jabil inc. earnings: 3/13 08:00 am
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US:NYSE Investor Relations:
jabil.gcs-web.com/investor-relations
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Source: Yahoo! Finance
Jabil, Inc. JBL reported healthy fourth-quarter fiscal 2024 results, with both the bottom and top lines surpassing the Zacks Consensus Estimate. However, weakness in multiple end markets, including networking, storage, digital print, retail, 5G wireless & cloud, led to a revenue contraction year over year. Growth in AI-powered data center is a tailwind. Net Income Net income on a GAAP basis in the quarter was $138 million or $1.18 per share compared with $155 million or $1.15 per share in the prior-year quarter. The decline is primarily attributed to top-line contraction year over year. Non-GAAP net income in the reported quarter was $270 million or $2.30 per share compared with $328 million or $2.45 per share in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of $2.23. In fiscal 2024, on a GAAP basis, the company generated a net income of $1.388 billion or $11.17 per share compared with $818 million or $6.02 per share in the previous year. Non-
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JBL
News
- Jabil Inc. (NYSE: JBL) had its price target raised by analysts at Barclays PLC from $135.00 to $157.00. They now have an "overweight" rating on the stock.MarketBeat
- Jabil Inc. (NYSE: JBL) had its price target raised by analysts at Stifel Nicolaus from $130.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
- Jabil Inc. (NYSE: JBL) had its price target raised by analysts at Bank of America Co. from $135.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
- Jabil Posts Fourth Quarter and Fiscal Year 2024 ResultsBusiness Wire
- Will JBL Stock Gain From the Expansion of Photonics Capabilities? [Yahoo! Finance]Yahoo! Finance
JBL
Earnings
- 9/26/24 - Beat
JBL
Sec Filings
- 9/26/24 - Form 8-K
- 9/6/24 - Form 8-K
- 7/25/24 - Form 3
- JBL's page on the SEC website