Jabil Circuit, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Jabil Circuit, Inc. (NYSE:JBL) will unveil its latest earnings on Tuesday, June 21, 2011. Jabil Circuit Inc. 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 analyst is estimating profit of 50 cents per share, a rise of 78.6% from the same quarter a year ago. Estimates range from net income of 48 cents per share to profit of 52 cents per share. Over the past three months, the consensus estimate has moved up from 47 cents. The consensus estimate is unchanged from a month ago. For the year, analysts are projecting net income of $2.02 per share, a rise of 92.4% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by one cent, reporting profit of 45 cents per share against a mean estimate of net income of 47 cents. In the first quarter, the company exceeded forecasts by 5 cents with profit of 52 cents versus a mean estimate of net income of 47 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $4.14 billion in revenue this quarter, a rise of 19.7% from the year ago quarter. Analysts are forecasting total revenue of $16.46 billion for the year, from last year’s revenue of $13.41 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy and none rating it as a sell. While the average rating for the stock remains a moderate buy, the rating is on steadier footing than three months ago.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 33.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 37.9% from the year earlier quarter.

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).

Recent Price Movement: From a month ago, the stock price has dropped $1.97 (-9.3%) from $21.13 on May 16, 2011 to $19.16 on June 13, 2011. The stock price saw one of its best stretches over the last year between July 7, 2010 and July 15, 2010 when shares rose for seven-straight days, rising 13% (+$1.72) over that span. It saw one of its worst periods between June 24, 2010 and July 6, 2010 when shares fell for eight-straight days, falling 10.6% (-$1.50) over that span. Shares are down 80 cents (-4%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet