Jabil Circuit (NYS: JBL) reported earnings on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q3), Jabil Circuit met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share improved.
Gross margins grew, operating margins increased, net margins contracted.
Jabil Circuit notched revenue of $4.25 billion. The nine analysts polled by S&P Capital IQ predicted a top line of $4.28 billion on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $4.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.64. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.64 per share. GAAP EPS of $0.48 for Q3 were 2.1% higher than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 7.7%, 20 basis points better than the prior-year quarter. Operating margin was 3.7%, 10 basis points better than the prior-year quarter. Net margin was 2.4%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.24 billion. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $17.05 billion. The average EPS estimate is $2.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 378 members out of 417 rating the stock outperform, and 39 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Jabil Circuit a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jabil Circuit is outperform, with an average price target of $29.06.
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The article Golf Clap for Jabil Circuit originally appeared on Fool.com.
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