JabilJBL stock rose by 2% on Thursday after the company reported its Q4 earnings results on Wednesday, September 29, 2021 at 07:45 AM.
Here's what investors need to know about the announcement.
Earnings
Jabil beat their estimated earnings by 4.35%, which did not surprise analysts.
Revenue was up $109,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26, which was followed by a 3.75% drop in the share price the next day.
Here's a look at Jabil's past performance and the resulting price change:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
---|---|---|---|---|---|
EPS Estimate | 1.38 | 1.04 | 0.95 | 1.27 | 0.66 |
EPS Actual | 1.44 | 1.30 | 1.27 | 1.60 | 0.98 |
Price Change % | 1.99% | -3.75% | 1.09% | -3.77% | -2.82% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Jabil management provided guidance for their next quarter, expecting earnings between $1.7 and $1.9 per share for the nextquarter.
This represents a 25.0% in quarter-over-quarter growth for Jabil, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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