Jabil Inc (JBL) is amidst several fluctuating market circumstances. Despite recent revenue milestones, the company has had its fair share of hurdles. The mix of bullish and bearish signals includes the challenge of its
Q4 earnings expected to decline, reduction of positions by Amalgamated Bank and Hancock Whitney Corp, a significant fall in short interest, and insider stock sales. CEO
Michael Dastoor has been appointed to the board while past CEO Kenny Wilson is on paid leave pending an investigation. Bearish sentiments seem to be reflected in the stock's recent fall despite a Q3 beat, J.P. Morgan cutting its price target, and a weak Q2 revenue forecast. Bullish prospects surface with the company's operations expansion in India, the purchase of new holdings by Meeder Asset Management Inc, and the expectation of an EPS growth inflection. Total guidance has been withdrawn for FY25, but FY24 has been reiterated.
FY24 Q3 results beat revenue estimates but fell short on EPS. It's being speculated that the stock may potentially soar thanks to developments in
AI.
Jabil Stocks JBL News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Sun, 22 Sep 2024 08:58:51 GMT -
Rating 0
- Innovation -3
- Information -5
- Rumor -7
