Jabil Circuit Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Jabil Circuit, Inc. (NYSE:JBL) will unveil its latest earnings on Tuesday, December 20, 2011. 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 58 cents per share, a rise of 11.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 58 cents during the last month. Analysts are projecting profit to rise by 14.5% versus last year to $2.29.

Last quarter, the company came in at net income of 54 cents per share against a mean estimate of profit of 49 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.1% in revenue from the year-earlier quarter to $4.41 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 94.7% to $114.3 million (52 cents a share) from $58.7 million (27 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.9% to $4.28 billion from $3.86 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 24%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 32.2% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the third quarter of the last fiscal year and 85.7% in the second quarter of the last fiscal year.

Competitors to Watch: Sanmina-SCI Corporation (NASDAQ:SANM), Benchmark Electronics, Inc. (NYSE:BHE), Kimball International (NASDAQ:KBALB), Plexus Corp. (NASDAQ:PLXS), Celestica Inc. (NYSE:CLS), SigmaTron International (NASDAQ:SGMA), SMTC Corporation (NASDAQ:SMTX), CTS Corporation (NYSE:CTS), Flextronics Intl. Ltd. (NASDAQ:FLEX), and Sparton Corporation (NYSE:SPA).

Stock Price Performance: During September 20, 2011 to December 14, 2011, the stock price had risen $2 (11.6%) from $17.22 to $19.22. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 5, 2011 when shares rose for seven-straight days, rising 15.2% (+$2.78) 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, falling 6.7% (-$1.36) over that span. Shares are down 56 cents (-2.8%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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