S&P 500 (NYSE:SPY) component Jabil Circuit, Inc. (NYSE:JBL) will unveil its latest earnings on Tuesday, March 20, 2012. Jabil Circuit is an independent provider of electronic manufacturing services and solutions. It is engaged in the design, production of electronics, and it offers product management and aftermarket services to companies in a wide range of industries, such as the aerospace, defense, medical and telecommunications sectors.
Jabil Circuit, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 49 cents per share, a rise of 8.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 51 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 49 cents during the last month. Analysts are projecting profit to rise by 13% compared to last year’s $2.26.
Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 56 cents per share against a mean estimate of 58 cents. Two quarters ago, it beat expectations by 5 cents with profit of 54 cents.
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Wall St. Revenue Expectations: On average, analysts predict $4.09 billion in revenue this quarter, a rise of 4.1% from the year-ago quarter. Analysts are forecasting total revenue of $17.38 billion for the year, a rise of 5.2% from last year’s revenue of $16.52 billion.
Analyst Ratings: Analysts are bullish on this stock, with eight analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
A Look Back: In the first quarter, profit rose 5.8% to $112.9 million (54 cents a share) from $106.7 million (49 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 6% to $4.33 billion from $4.08 billion.
The company has seen net income rise in three consecutive quarters. Net income rose 94.7% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.
Revenue has increased in each of the past four quarters. Revenue rose 10.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 22.3% in the third quarter of the last fiscal year from the year-ago quarter and 30.8% in the second quarter of the last fiscal year.
Stock Price Performance: Between December 15, 2011 and March 14, 2012, the stock price rose $7.37 (37.9%), from $19.45 to $26.82. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 12, 2012, when shares rose for nine straight days, increasing 9.3% (+$1.83) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven straight days, dropping 6.7% (-$1.36) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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