Jabil Inc reports results for the quarter ended February 28 - Earnings Summary

• Jabil Inc JBL.N reported quarterly adjusted earnings of $1.94​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $1.68. The mean expectation of eight analysts for the quarter was for earnings of $1.83 per share. Wall Street expected results to range from $1.80 to $1.88 per share.

• Revenue fell 0.6% to $6.73 billion from a year ago; analysts expected $6.41 billion.

• Jabil Inc's reported EPS for the quarter was $1.06​.

• The company reported quarterly net income of $117 million.

• Jabil Inc shares had fallen by 3.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Jabil Inc is $179.00

This summary was machine generated from LSEG data March 20 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)