Jabil Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Jabil (NYSE:JBL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.77b (down 20% from 3Q 2023).
• Net income: US$129.0m (down 45% from 3Q 2023).
• Profit margin: 1.9% (down from 2.7% in 3Q 2023).
• EPS: US$1.08 (down from US$1.76 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jabil Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Electronic industry in the US are expected to grow by 6.8%.

Performance of the American Electronic industry.

The company's shares are up 3.9% from a week ago.

Valuation

Following the latest earnings results, Jabil may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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