Market Profile Strategies - Jabil Inc (NYSE:JBL) Surpasses Wall Street’s Estimates

Market Profile Strategies

Dec 30 2023 • 0 seconds

Jabil Inc (NYSE:JBL) stock rose 0.90% (As on Mar 17, 1:15:25 AM UTC-4, Source: Google Finance) after the company posted better than expected result for second quarter of FY 22. The additional upside was mainly driven by the 5G and cloud businesses, while our automotive, healthcare, and retail end markets remain very strong. Core operating income during the quarter was $344 million, an increase of 21% year over year, representing a core operating margin of 4.6%, up 40 basis points over the prior year. The solid year-over-year performance in the DMS segment was broad based, with strength across our healthcare, automotive, and connected devices businesses. Core margin for the segment came in at 5.1%. Revenue for our EMS segment came in at $3.8 billion, an increase of 19% on a year-over-year basis. The stronger year-over-year performance in the EMS segment was also broad based, with strength across the digital print and retail, industrial and semi-cap, and 5G wireless and cloud businesses. JBL in the second quarter of FY 22 has reported the adjusted earnings per share of $1.68, beating the analysts’ estimates for the adjusted earnings per share of $1.48. The company had reported the adjusted revenue growth of 10.6 percent to $7.55 billion in the second quarter of FY 22, beating the analysts’ estimates for revenue of $7.45 billion. For Fiscal 2022, the company anticipates revenues to be $32.6 billion and core earnings to be $7.25 per share. The projections are above the prior expectation of $31.8 billion for revenues and $6.55 per share for core earnings. For third quarter, DMS segment revenue is expected to increase 17% on a year-over-year basis to approximately $4.2 billion, while the EMS segment revenue is expected to increase 11% on a year-over-year basis to approximately $4 billion. The total company expects revenue in the third quarter of fiscal ’22 to be in the range of $7.9 billion to $8.5 billion. Core operating income is estimated to be in the range of $300 million to $360 million, representing a core margin range of 3.8% to 4.2%. At the midpoint, this is an improvement of 20 basis points over the prior year and down sequentially, reflecting planned investments in the Q3 quarter. Core diluted earnings per share is estimated to be in the range of $1.40 to $1.80. GAAP diluted earnings per share is expected to be in the range of $1.24 to $1.64. The company is also expecting double-digit growth from the healthcare, automotive retail, industrial and semi-cap, and 5G wireless and cloud end markets.



SOURCE : https://tradertalks-net.translate.goog/s/14000?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp

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