Jabil, Inc. (JBL) Hits Fresh High: Is There Still Room to Run?

Company Performance - Jabil's shares have increased by 9.6% over the past month, reaching a new 52-week high of $142.44 [1] - The company has gained 10.3% since the beginning of the year, outperforming the Zacks Computer and Technology sector's 9.6% and the Zacks Electronics - Manufacturing Services industry's 12% [1] Earnings and Revenue - Jabil has consistently exceeded earnings expectations, reporting EPS of$ 2.6 against a consensus estimate of $2.54 in its last earnings report [2] - For the current fiscal year, Jabil is projected to achieve earnings of$ 9.11 per share on revenues of $30.61 billion, reflecting a 5.56% increase in EPS but an 11.78% decrease in revenues [2] - The next fiscal year forecasts earnings of$ 10.70 per share on revenues of $32.25 billion, indicating a year-over-year growth of 17.54% in EPS and 5.36% in revenues [2] Valuation Metrics - Jabil's stock trades at 15.4 times the current fiscal year EPS estimates, which is above the peer industry average of 14.3 times [4] - The stock has a trailing cash flow multiple of 9.2 times, matching the peer group's average [4] - Jabil's PEG ratio stands at 1.29, which does not place it among the top value stocks [4] Zacks Rank and Style Scores - Jabil holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, indicating a favorable outlook [5] - The company has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [3] Industry Comparison - Sanmina Corporation, a peer in the industry, has a Zacks Rank of 1 (Strong Buy) and has seen a 21.7% increase in shares over the past month [6] - Sanmina is expected to post earnings of$ 5.51 per share on revenues of $7.98 billion for the current fiscal year [6] - The Electronics - Manufacturing Services industry is performing well, ranking in the top 43% of all industries [6]