Jabil Circuit (NYSE: JBL) reported earnings on March 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 28 (Q2), Jabil Circuit met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped. GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
Jabil Circuit reported revenue of $4.42 billion. The nine analysts polled by S&P Capital IQ foresaw revenue of $4.38 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.53. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. Non-GAAP EPS of $0.53 for Q2 were 8.6% lower than the prior-year quarter's $0.58 per share. GAAP EPS of $0.43 for Q2 were 6.5% lower than the prior-year quarter's $0.46 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7.3%, 30 basis points worse than the prior-year quarter. Operating margin was 3.4%, 10 basis points worse than the prior-year quarter. Net margin was 2.0%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.40 billion. On the bottom line, the average EPS estimate is $0.54.

Next year's average estimate for revenue is $18.04 billion. The average EPS estimate is $2.30.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 378 members out of 413 rating the stock outperform, and 35 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Jabil Circuit a green thumbs-up, and two 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 $24.60.

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