What To Expect From Jabil On Thursday

Jabil
JBL
is scheduled to report earnings before Thursday’s open. The stock just hit a record high near $100/share and is currently trading near that high. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview

The company is expected to report a gain of $1.87/share on $8.19 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.92/share. The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals

Kroger’s price to earnings (P/E) ratio is only 12, which is below the major indices. That makes it attractive for value investors. The company’s earnings are expected to decline by -11% in 2023 compared to 2022 and then grow by +20% in 2024 compared to 2023. Growth investors typically want to see more growth.

A Closer Look At The Technicals

Technically, the stock just hit a record high near $100/share and is well positioned to grow going forward. The stock bottomed in July 2022 near $48/share. The bulls want to see the stock rally after earnings and the bears want to see it fall and hit new lows.

Pay Attention To How The Stock Reacts To The News

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

Disclaimer: The stock has been featured in my FindLeadingStocks.com report.