Jabil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Jabil Inc. JBL is set to release third quarter financial results, before the opening bell on Thursday.

Analysts expect the Saint Petersburg, Florida-based company to report quarterly earnings at $1.85 per share, down from $1.99 per share in the year-ago period. Jabil is expected to post revenue of $6.53 billion, according to data from Benzinga Pro.

On May 20, Jabil named Michael Dastoor as CEO and Gregory Hebard as CFO.

Jabil shares fell 1.3% to close at $119.48 on Friday.

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.

• Argus Research analyst Jim Kelleher downgraded the stock from Buy to Hold on March 19. This analyst has an accuracy rate of 79%.
• Barclays analyst George Wang maintained an Overweight rating and slashed the price target from $151 to $149 on March 18. This analyst has an accuracy rate of 78%.
• Goldman Sachs analyst Mark Delaney maintained a Buy rating and boosted the price target from $141 to $161 on March 4. This analyst has an accuracy rate of 76%.
• Stifel analyst Matthew Sheerin maintained a Buy rating and raised the price target from $135 to $140 on Dec. 15, 2023. This analyst has an accuracy rate of 77%.
• JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $150 to $146 on Nov. 29, 2023. This analyst has an accuracy rate of 71%.

Read This Next: Dell, Palo Alto Networks And 2 Other Stocks Insiders Are Selling