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Jabil

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

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Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: GIS, WOR, JBL, APDN y MU.

5 acciones en el foco este miércoles: GIS, WOR, JBL, APDN y MU

Jabil Inc

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These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) stock escalated 33.88% after the company and Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) announced that primary endpoints were met in the Phase 2b trial of Duvakitug for <a href="https://www.benzinga.com//node/42531132" target="_blank" rel="noreferrer noopener">ulcerative colitis and Crohn&#8217;s disease</a>.</li>
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WIIM

Jabil shares are trading higher after Barclays maintained an Overweight rating on the stock and raised its price target from $157 to $179.

Throughout the last three months, 8 analysts have evaluated Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $156.0, with a high estimate of $179.00 and a low estimate of $140.00. This upward trend is evident, with the current average reflecting a 11.43% increase from the previous average price target of $140.00.
<img src="https://www.benzinga.com/files/images/story/2024/1734721249_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Jabil by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>George Wang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$179.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$152.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Mark Delaney</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>George Wang</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$157.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Ruplu Bhattacharya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Jabil. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Jabil compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Jabil's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Jabil's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/JBL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Jabil analyst ratings.</a>
<h2>Unveiling the Story Behind Jabil</h2>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
<h3>Financial Milestones: Jabil's Journey</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Challenges: Jabil's revenue growth over 3 months faced difficulties. As of 31 August, 2024, the company experienced a decline of approximately -17.66%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Jabil's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.98% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Jabil's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.88%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Jabil's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.79%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.88, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What 8 Analyst Ratings Have To Say About Jabil

Barclays analyst George Wang maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Overweight and raises the price target from $157 to $179.

Price Target

Barclays Maintains Overweight on Jabil, Raises Price Target to $179

Stifel analyst Matthew Sheerin reiterates Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Buy and raises the price target from $150 to $160.

Reiteration

Stifel Reiterates Buy on Jabil, Raises Price Target to $160

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho raised the price target for Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) from $5,400 to $6,000. Mizuho analyst James Lee maintained an Outperform rating. Booking shares closed at $4,943.35 on Wednesday. See how other analysts view this stock.</li>
<li>Wedbush slashed the price target for Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) from $140 to $125. Wedbush analyst Matt Bryson maintained an Outperform rating. Micron shares closed at $103.90 on Wednesday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS boosted the price target for Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) from $128 to $152. UBS analyst David Vogt maintained a Neutral rating. Jabil shares closed at $143.69 on Wednesday. <a href="https://www.benzinga.com/quote/JBL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) price target from $60 to $70. BMO Capital analyst Simeon Siegel maintained an Outperform rating. Birkenstock shares settled at $57.16 on Wednesday. <a href="https://www.benzinga.com/quote/BIRK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $485 to $500. Telsey Advisory Group analyst Cristina Fernandez upgraded the stock from Market Perform to Outperform. RH shares closed at $396.39 on Wednesday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut PPG Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) price target from $150 to $145. Deutsche Bank analyst David Begleiter maintained a Buy rating. PPG shares closed at $121.25 on Wednesday.  <a href="https://www.benzinga.com/quote/PPG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised C4 Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCC#NASDAQ">CCCC</a>) price target from $8 to $12. Wells Fargo analyst Derek Archila upgraded the stock from Equal-Weight to Overweight. C4 Therapeutics shares closed at $3.6550 on Wednesday. See how other analysts view this stock.</li>
<li>Jefferies raised the price target for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from $27 to $30. Jefferies analyst Joseph Gallo upgraded the stock from Hold to Buy. SentinelOne shares settled at $22.05 on Wednesday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised DT Midstream, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) price target from $89 to $106. Stifel analyst Selman Akyol upgraded the stock from Hold to Buy. DT Midstream shares closed at $95.41 on Wednesday. <a href="https://www.benzinga.com/quote/DTM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS increased AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) price target from $25 to $30. UBS analyst John Hodulik maintained a Buy rating. AT&amp;T shares closed at $22.48 on Wednesday. <a href="https://www.benzinga.com/quote/T/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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UBS analyst David Vogt maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Neutral and raises the price target from $128 to $152.

UBS Maintains Neutral on Jabil, Raises Price Target to $152

Goldman Sachs analyst Mark Delaney maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Buy and raises the price target from $145 to $160.

Goldman Sachs Maintains Buy on Jabil, Raises Price Target to $160

Wall Street inched marginally higher during Wednesday morning trading in New York, with traders remaining on edge ahead of the eagerly anticipated Federal Reserve meeting scheduled for 2 p.m. ET, followed by Fed Chair Jerome Powell&#8216;s press conference <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42554114/all-eyes-on-december-fed-meeting-as-traders-await-interest-rate-projections">at 2:30 p.m. ET.</a>
The Fed is widely expected to reduce interest rates by 25 basis points to a target range of 4.25%-4.50%. Yet, the market&#8217;s reaction is likely to hinge on the updated economic projections and Powell&#8217;s commentary on future policy direction.
The semiconductor sector rebounded strongly, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) climbing 0.9% after a 1.6% dip on Tuesday. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 3.6%, on track to mark its best single-day gain in a month and to snap a four-day losing streak. The jump followed Nvidia&#8217;s announcement of a new $249 Jetson computer for AI applications, significantly cheaper than its predecessor priced at $499.
In currency markets, the U.S. dollar edged 0.2% higher, with the DXY index breaking above 107, its highest level in three weeks. Treasury yields were steady, with the 10-year yield holding at 4.40% as traders awaited the Fed&#8217;s decision.
Commodities presented a mixed picture: gold slipped 0.4%, while WTI crude gained 1.2%, supported by a larger-than-expected drawdown in U.S. crude inventories.
The cryptocurrency market took a breather after recent strong gains, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) down 1.8%, trading below the $105,000 mark.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,597.75</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,063.18</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,337.19</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,010.91</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121824&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.2% to $605.62.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $437.08.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) held steady at $535.84.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) edged 0.2% up to $231.42.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 0.4%; the&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 2.4% ahead of its fiscal first-quarter earnings report. Analysts anticipate adjusted earnings of $1.76 per share on revenue of $8.7 billion for the quarter.</li>
<li>Stocks reacting to earnings reports included General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), down 3%; Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), up 9.6% and Heico Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>), down 8.7%.</li>
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Stocks Inch Up Ahead Of Fed Decision, Nvidia Set To Snap Four Straight Losses, Bitcoin Slips: What's Driving Markets Wednesday?

U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Wednesday.
Shares of Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) rose sharply during Wednesday's session as the company posted better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42551215/worthington-enterprises-delivers-q2-earnings-beat-growth-in-building-products-drives-momentum">results for its second quarter</a>.
On Tuesday, the company reported a net sales decline of 8% year over year to $274.0 million, beating the consensus of $273.77 million. The decline was attributed to the deconsolidation of the former Sustainable Energy Solutions segment. Adjusted EPS of 60 cents exceeded the consensus of 52 cents.
Worthington Enterprises shares jumped 14.4% to $43.72 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) shares jumped 59% to $2.29 after the company announced it regained NYSE stockholders&#8217; equity required compliance status.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 30.1% to $21.85 on continued strength, after the company on Tuesday announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) surged 21.6% to $15.90.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) rose 19.1% to $23.09.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) shares gained 18.3% to $5.26.</li>
<li>Exodus Movement, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXOD#NASDAQ">EXOD</a>) jumped 15.5% to $45.00.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 15.5% to $3.80 as the company announced a $49 million equity conversion by leading investors.</li>
<li>FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) rose 11.5% to $48.90.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) gained 10% to $147.38 following better-than-expected quarterly results.</li>
<li>EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) gained 8.7% to $99.52.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares rose 7.2% to $9.75. Cantor Fitzgerald analyst Andres Sheppard maintained Archer Aviation with an Overweight and raised the price target from $10 to $13.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) gained 6.7% to $5.66.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42551008/top-3-health-care-stocks-that-may-explode-in-q4">Top 3 Health Care Stocks That May Explode In Q4</a></li>
</ul>

Intraday Update

ACHR

EXOD

FORM

KULR

POET

QUBT

RZLV

SKYT

SOUN

Worthington Enterprises Posts Upbeat Results, Joins Jabil, Archer Aviation And Other Big Stocks Moving Higher On Wednesday

Jabil shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY25 guidance.

On Wednesday, Jabil Inc&nbsp;(NYSE:&nbsp;JBL) reported first-quarter revenue of $6.99 billion, down by 16.6% year-on-year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42550964/jabil-posts-strong-first-quarter-results" rel="noreferrer noopener">analyst consensus estimate&nbsp;of $6.61 billion</a>.&nbsp;
The print manufacturing company&#8217;s adjusted EPS of $2.00 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.88</a>. The stock price gained after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42550951/salesforce-doubles-ai-hiring-goal-to-add-2k-sales-roles" rel="noreferrer noopener">Salesforce Doubles AI Hiring Goal, To Add 2K Sales Roles</a>
Segments: Regulated Industries <a target="_blank" href="https://investors.jabil.com/financials/quarterly-results/default.aspx" rel="noreferrer noopener">revenue declined&nbsp;by</a> 7% Y/Y, Intelligent Infrastructure revenue grew by&nbsp;5% Y/Y, and Connected Living &amp; Digital Commerce revenue decreased by 46% Y/Y.
As of November 30, 2024, the company held $2.06 billion in cash and equivalents. Operating cash flow for the quarter totaled $312 million, with an adjusted free cash flow of $226 million.
CEO Mike Dastoor attributed the quarterly performance to incremental strength in the company&#8217;s Cloud, Data Center Infrastructure, and Digital Commerce end-markets.
Q2 Outlook: Jabil expects first-quarter revenue of $6.1 billion – $6.7 billion (<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus: $6.27 billion</a>) and adjusted EPS to $1.60 – $2.00 (consensus: $1.79).
FY25 guidance: The company expects revenue of $27.3 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41045374/jabils-q4-earnings-beat-1b-buyback-fy25-guidance-and-more" rel="noreferrer noopener">prior $27.0 billion</a>) versus consensus of $27.03 billion and adjusted EPS of $8.75 (prior $8.65) versus estimate of $8.69.
Jabil&nbsp;stock gained 5% year-to-date. In November, on CNBC&#8217;s &#8220;Mad Money Lightning Round,&#8221; Jim Cramer <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41847971/jim-cramer-this-tech-stock-is-a-buy-sofi-technologies-is-good" rel="noreferrer noopener">encouraged investors to</a> buy shares of Jabil, calling it &#8220;a great company.&#8221;
Price Action: JBL stock is up 10.60% at $148.10 premarket at the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42537434/meta-fined-264-million-over-2018-facebook-data-breach-in-europe" target="_blank" rel="noreferrer noopener">Meta Fined $264 Million By EU Watchdog Over 2018 Facebook Data Breach</a></li>
</ul>
Image via Jabil

Guidance

Tech

Jabil Q1 Earnings: Revenue And EPS Beat, Cloud and Data Center Growth, Raises Annual Outlook

Fiscal Year 2025 Outlook:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">• Net revenue</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$27.3 billion</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• Core operating margin (Non-GAAP)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.4%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• Core diluted earnings per share (Non-GAAP)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$8.75 per diluted share</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• Adjusted free cash flow (Non-GAAP)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.2 billion</td>
</tr>
</tbody>
</table>
</figure>

Jabil Expects FY25 Revenue Of $27.3B (Prior $27B) Vs $27.03B Est, Adj EPS Of $8.75 (Prior $8.65) Vs $8.69 Est

Second Quarter of Fiscal Year 2025 Outlook:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">• Net revenue</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$6.1 billion to $6.7 billion</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• U.S. GAAP operating income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$183 million to $263 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• U.S. GAAP diluted earnings per share</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.69 to $1.27 per diluted share</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• Core operating income (Non-GAAP)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$286 million to $346 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">• Core diluted earnings per share (Non-GAAP)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.60 to $2.00 per diluted share</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Jabil Expects Q2 Revenue Of $6.1B-$6.7B Vs $6.27B Est, Adj EPS Of $1.60-$2.00 Vs $1.79 Est

Jabil shares are trading higher after the company reported better-than-expected Q1 EPS and revenues.

Earnings Beats

Jabil Q1 2025 Adj. EPS $2.00 Beats $1.88 Estimate, Sales $6.994B Beat $6.608B Estimate

U.S. stock futures climbed on Wednesday in premarket hours as Wall Street awaits the Federal Reserve&#8217;s final interest rate decision for 2024 and its monetary policy forecasts for 2025.
On Tuesday, the Dow Jones index fell for the <a href="https://www.benzinga.com/news/earnings/24/12/42546507/dow-records-longest-losing-streak-since-1978-nvidia-declines-fear-greed-index-in-neutral-zone">ninth session in a row</a> to record its longest losing streak since 1978.
The 10-year and two-year Treasury notes yielded 4.40% and 4.25%, respectively. The Federal Open Market Committee will announce its decision later in the day after a two-day meeting.
It is widely expected to announce another interest rate reduction at the conclusion of their meeting on Wednesday. Expectations of a 25 basis point rate cut rose to 95.4%, from 58.7% a month ago, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
If the Fed cuts rates, it would be the third consecutive cut, bringing the federal funds rate down from its current level of 4.50% to 4.75%. Following the meeting, Chairman Jerome Powell&#8217;s remarks will be closely scrutinized by market participants.
Investors will receive another critical economic data point on Friday with the release of the November personal consumption expenditures (PCE) inflation index. This release follows other inflation indicators that suggest price increases accelerated in November.
Prior to that, GDP revisions on Thursday will reveal whether the economy maintained the previously estimated 2.8% growth rate for the third quarter.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.28%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.24%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.49%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.25% to $605.80 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.24% to $537.09, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Cues From The Last Session
The <a href="https://www.benzinga.com/news/earnings/24/12/42546507/dow-records-longest-losing-streak-since-1978-nvidia-declines-fear-greed-index-in-neutral-zone">Dow Jones Industrial Average </a>extended its losing streak to nine consecutive sessions on Tuesday, its longest downturn since 1978. This negative trend weighed on the broader U.S. stock market.
While Tesla shares rallied after a positive analyst upgrade, Nvidia experienced a slight decline.
On the economic front, U.S. retail sales exceeded expectations in November, suggesting increased consumer spending. However, industrial production contracted, signaling a slowdown in manufacturing activity.
The S&amp;P 500 saw a broad-based decline, with industrials, energy, and financials leading the losses. Consumer discretionary stocks, on the other hand, bucked the trend and closed higher.
At the close of trading, the Dow Jones Industrial Average had fallen by approximately 268 points to 43,449.90. The S&amp;P 500 and Nasdaq Composite also ended the day lower, declining by 0.39% and 0.32%, respectively.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.32%</td>
<td>20,109.06</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.39%</td>
<td>6,050.61</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.61%</td>
<td>43,449.90</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.18%</td>
<td>2,334.08</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
The Dow Jones Industrial Average index last saw a nine-day fall for the first time since February 1978, according to FactSet data. However, the index has seen steeper crashes in a single day as compared to the cumulative erosion it has witnessed over these nine days.
Dow Jones has fallen nearly 3.47% to 43,449.90 points over the last nine days since Dec. 4, when it was at 45,014.04 points.
&#8220;Since 1900, I see 267 times it lost more than 3.47% in a single day,&#8221; said Ryan Detrick, chief market strategist at Carson Research.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Dow is down 3.47% the past 9 days (and lower all 9 of them). Since 1900, I see 267 times it lost more than 3.47% in a single day.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1869205905780388184?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to BlackRock, the global economy is undergoing a transformation that could keep shifting the long-term economic trend. They suggest that investors should shift to distinct drivers of risk and return.
&#8220;That creates a wide range of potential outcomes and a need to use scenarios to guide portfolio construction, we think. Government bonds have become a less reliable cushion against risk asset selloffs in this new regime. So investors should consider new diversifiers like gold and bitcoin – not to replace bonds, but to get exposure to distinct drivers of risk and return.&#8221;
&#8220;We see the AI buildout and adoption creating opportunities across sectors,&#8221; BlackRock&#8217;s note added.
&#8220;Overall, with so much uncertainty around tariffs and inflation, bond market volatility is unlikely to fade anytime soon,&#8221; said JPMorgan in their note.
&#8220;The week's economic data releases appeared to be enough for markets to solidify expectations for a rate cut at the upcoming Federal Reserve meeting,&#8221; said T Rowe Price in their weekly note.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures" target="_blank" rel="noreferrer noopener">How To Trade Futures</a>
Upcoming Economic Data
Important data is slated to be released this week that will help investors determine the future course of action.
<ul>
<li>On Wednesday, housing starts, and building permit data for November will be announced at 8:30 a.m., ET.</li>
<li>The FOMC&#8217;s interest rate decision will be announced at 2:00 p.m., ET, and the Fed Chair Jerome Powell&#8217;s press conference will begin at 2:30 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Parazero Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRZO#NASDAQ">PRZO</a>) was up 71.24% in premarket trading after it regained Nasdaq compliance.</li>
<li>Nukkleus Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) gained 45.37% after the company announced it acquired a 51% controlling stake in Star 26 Capital.</li>
<li>Corvus Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) rose 17.73% in premarket after it said that it would report interim data from its Phase 1 clinical trial evaluating Soquelitinib in patients with moderate to severe atopic dermatitis, on Dec. 18.</li>
<li>Applied DNA Sciences, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) fell 13.04% in pre-market trading after reporting weak quarterly sales.</li>
<li>Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) was up 13.28% after it received a NASA contract doe Goddard Space Flight Center to use its entropy quantum optimization machine to help the space agency&#8217;s imaging.</li>
<li>Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>, )) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures were lower in the early New York session by 0.03% to hover around $70.08 per barrel.
The gold spot index rose by 0.08% to $2,664.21 per ounce. The dollar index was up 0.04% to 106.997 level.
Asian markets were mixed on Wednesday, as Hong Kong&#8217;s Hang Seng, China&#8217;s CSI 300, and South Korea&#8217;s Kospi index advanced. Whereas, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex, and Australia&#8217;s ASX 200 index declined. Most European markets advanced.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/24/12/42548385/fund-managers-increase-allocation-to-banking-and-insurance-stocks-in-december-here-are-the-best-performing-financial-stocks-in-2024">Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024</a></li>
</ul>
Photo courtesy: Wikimedia

Equities

Futures

Previews

CRVS

NUKK

PRZO

US Stocks To Open Higher As Rate Cut Expectations Surge: All Eyes On Dow Jones To Break Its 9-Day Losing Streak

<h3>Companies Reporting Before The Bell</h3>
• SPDR Bloomberg Convertible Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWB#NYSE">CWB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $304.67 million. 
• Tokyo Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) is likely to report earnings for its first quarter. 
• OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $43.78 million. 
• Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $6.61 billion. 
• General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $1.22 per share on revenue of $5.13 billion. 
• ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $2.07 billion. 
• Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $439.27 million. 
• Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) is projected to report quarterly earnings at $1.05 per share on revenue of $1.11 billion. 
<h3>Companies Reporting After The Bell</h3>
• cbdMD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $4.81 million. 
• Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is projected to report quarterly earnings at $4.26 per share on revenue of $10.08 billion. 
• Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $150.00 million. 
• Worthington Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $724.35 million. 
• Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $812.02 million. 
• Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is likely to report quarterly earnings at $1.76 per share on revenue of $8.55 billion. 
• MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $959.70 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Spdr Barclays Capital Convertible Securities Etf

EPAC

MLKN

TKLF

YCBD

Earnings Scheduled For December 18, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling for the 9th session in a row to record its longest losing streak since 1978.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 3.6% on Tuesday after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $230 to $515. However, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell around 1.2% during the session.
On the economic data front, U.S. retail sales rose 0.7% month-over-month in November compared to a revised 0.5% gain in the previous month and above market estimates of 0.5%. U.S. industrial production declined by 0.1% from the previous month in November compared to a 0.4% drop in October, versus market estimates of a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, energy, and financials stocks recording the biggest losses on Tuesday. However, consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 268 points to 43,449.90 on Tuesday. The S&amp;P 500 fell 0.39% to 6,050.61, while the Nasdaq Composite declined 0.32% to close at 20,109.06 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>, )) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 51.8, the index was in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Dow Records Longest Losing Streak Since 1978, Nvidia Declines: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.22 per share on revenue of $5.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares fell 0.3% to $65.75 in after-hours trading.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) posted better-than-expected results for its second quarter on Tuesday. Worthington shares jumped 14.3% to $43.66 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $1.88 per share on revenue of $6.61 billion before the opening bell. Jabil shares gained 0.2% to $134.20 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) reported worse-than-expected fourth-quarter sales results and announced plans for a strategic restructuring of operations including divestiture of certain business segments. Applied DNA Sciences shares dipped 9.6% to $0.2079 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.76 per share on revenue of $8.72 billion. The company will release earnings after the closing bell. Micron shares gained 0.8% to $109.48 in the after-hours trading session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Micron

General Mills, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

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