Jabil is Urgently Hiring Ahead of Earnings Announcement

JBL will release its fiscal second-quarter earnings before the open tomorrow

Mar 15, 2022 at 10:28 AM
facebook X logo linkedin

Yesterday, Jabil Inc. (NYSE:JBL) issued a call to fill 60 positions in 60 days in its Albuquerque, New Mexico healthcare manufacturing facility. The Albuquerque facility is part of the Healthcare division of Jabil that produces medical devices using traditional and cutting-edge manufacturing techniques.

On top of that urgent need to staff its workforce, Jabil is scheduled to release its fiscal second-quarter earnings report before the open tomorrow, March 16. Last quarter, JBL reported earnings of $1.92 per share. Wall Street analysts now anticipate a decreased EPS (earnings per share) of $1.48 to be filed in Jabil's upcoming earnings report.

The stock does have a promising post-earnings history, with just one of its past eight reports resulting in a negative one-day return. During this time period, JBL averaged a next-day move of 4.3%, regardless of direction, which is much smaller than the 9.8% move options traders are pricing in this time around. 

Citigroup chimed in ahead of the event, adding the stock to its "U.S. Focus List." Analyst sentiment surrounding JBL was already overwhelmingly bullish. All four analysts in coverage call the stock a "strong buy," while the 12-month consensus price target of $78.25 is a 41.5% premium to current levels. 

The stock is up 2.1% at $55.33 today, with a 13.2% year-over-year lead. However, JBL has shed 21% in 2022, with stiff pressure from the 20-day moving average keeping a lid on shares since mid-January. 

jbl chart march 15

Still, the manufacturing stock offers relatively secure and consistent fundamentals. To begin with, Jabil stock has a very attractive valuation, trading at a forward price-earnings ratio of 8.54 and a price-sales ratio of 0.30. Moreover, Jabil provides a dividend yield of 0.58% with a forward dividend of $0.32.

JBL has also managed to maintain constant top- and bottom-line growth over the past few years, with fiscal 2020 being the only year in recent time where the manufacturing name saw a decline in net income. Jabil has grown its trailing 12-month revenues and net income 36% and 753%, respectively, since fiscal 2018. JBL's trailing 12-month revenues and net income are also up 2.5% and 6%, respectively, since reporting its fiscal 2021 financial results. In addition, JBL is estimated to see an 8% increase in earnings and a 4.5% increase in revenues next year, making the stock a safe option for value investors.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI