Jabil Circuit (NYSE: 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 beat slightly on revenues and beat expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Jabil Circuit booked revenue of $4.47 billion. The nine analysts polled by S&P Capital IQ looked for revenue of $4.40 billion on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $4.25 billion.

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 $0.56. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share. Non-GAAP EPS of $0.56 for Q3 were 13% lower than the prior-year quarter's $0.64 per share. GAAP EPS of $0.24 for Q3 were 50% lower than the prior-year quarter's $0.48 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 7.4%, 30 basis points worse than the prior-year quarter. Operating margin was 3.5%, 20 basis points worse than the prior-year quarter. Net margin was 1.1%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.55 billion. On the bottom line, the average EPS estimate is $0.55.

Next year's average estimate for revenue is $18.07 billion. The average EPS estimate is $2.25.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 384 members out of 420 rating the stock outperform, and 36 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 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 $23.92.

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