The 10-second takeaway
For the quarter ended Nov. 30 (Q1), Jabil Circuit beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Margins dropped across the board.
Jabil Circuit booked revenue of $4.64 billion. The 10 analysts polled by S&P Capital IQ looked for revenue of $4.41 billion on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $4.33 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 $0.61. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.51 for Q1 were 5.6% lower than the prior-year quarter's $0.54 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 7.6%, 30 basis points worse than the prior-year quarter. Operating margin was 3.7%, 20 basis points worse than the prior-year quarter. Net margin was 2.3%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.39 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $18.26 billion. The average EPS estimate is $2.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 381 members out of 420 rating the stock outperform, and 39 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 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 $25.36.
If you're interested in companies like Jabil Circuit, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.
- Add Jabil Circuit to My Watchlist.