PREVIEW: Apple supplier Jabil seen reporting higher rev, EPS on Tues

Shares of Jabil Inc JBL.N were up ~3% in late Mon trading, with the electronic component maker expected to report an increase in rev and EPS when it releases qrtrly results before the bell on Tues

Analysts expect Jabil, an Apple AAPL.O supplier, to report Q3 rev of $7.059 bln vs $6.765 bln in the yr-ago period, and they expect the co to post adj EPS of $2.31 vs $1.89 a yr ago, according to LSEG

The broader market was also higher on Mon, with the Nasdaq .IXIC up more than 1% late

The co has beaten analysts' earnings expectations in all of the past eight reporting periods, per LSEG

In March, Jabil raised its 2025 profit and revenue forecast and beat Wall Street estimates for second-quarter results, helped by strong demand for data center infrastructure

Analyst recommendations on the stock include eight eight "strong buy" or "buy" ratings and three "hold" ratings

The median 12-mo price target on the stock is $176.06; the stock was last at $181.13. The median PT is up from $171.06 in mid-May

Including the session move, JBL is up about 26% YTD compared with a roughly 2% gain in the Nasdaq in that period

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