Jabil Circuit Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Jabil Circuit (NYSE:JBL) will unveil its latest earnings on Tuesday, June 19, 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 56 cents per share, a rise of 14.3% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $2.25 per share, a rise of 12.5% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 48 cents per share against an estimate of net income of 49 cents per share. The quarter before that, it missed expectations by 2 cents.

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A Look Back: In the second quarter, profit rose 76.3% to $97.7 million (46 cents a share) from $55.4 million (25 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 7.8% to $4.24 billion from $3.93 billion.

Stock Price Performance: Between March 19, 2012 and June 13, 2012, the stock price fell $8.50 (-31.3%), from $27.13 to $18.63. 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 9.4% (+$1.84) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 9.8% (-$2.50) over that span.

Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 94.7% in the fourth quarter of the last fiscal year and 5.8% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 22.3% in the third quarter of the last fiscal year, 10.9% in the fourth quarter of the last fiscal year and 6% in the first quarter before increasing again in the second quarter.

Wall St. Revenue Expectations: Analysts predict a rise of 1.7% in revenue from the year-earlier quarter to $4.3 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.33 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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

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