Is Jabil Stock Outperforming the Dow?
Valued at a market cap of $22.4 billion, Jabil Inc. (JBL) is a leading global electronics and diversified manufacturing services company, headquartered in Saint Petersburg, Florida. It provides end-to-end solutions, from design engineering, PCB assembly, and rapid prototyping to full system integration, serving major industries such as healthcare, automotive, cloud infrastructure, consumer electronics, packaging, and aerospace.
Companies valued at $10 billion or more are typically classified as 'large-cap stocks,' and Jabil fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the electronic components industry. The company's deep expertise in supply chain management, design engineering, automation, and rapid prototyping enables customers to bring complex products to market quickly and cost-effectively. Its global scale, with over 100 manufacturing sites across 25+ countries, provides unmatched flexibility and resilience in meeting global customer demands.
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This electronics manufacturing company touched its 52-week high of $208.69 recently on Jun. 20 and is currently trading slightly below that level. Moreover, JBL has surged 43.5% over the past three months, considerably outpacing the Dow Jones Industrial Average's ($DOWI) 1.4% return during the same time frame.
In the longer term, JBL has rallied 84.1% over the past 52 weeks, significantly outperforming DOWI's 8.8% rise over the same time frame. Moreover, on a YTD basis, shares of Jabil are up 44.8%, compared to DOWI's marginal uptick.
To confirm its bullish trend, JBL has been trading above its 200-day moving average since early October, 2024, with slight fluctuations, and has consistently remained above its 50-day moving average since late April.
On Jun. 17, shares of Jabil soared 8.9% as it delivered a strong Q3 performance. Due to solid growth across key end-markets, including cloud, data center infrastructure, and capital equipment, the company's overall revenue advanced 15.7% year-over-year to $7.8 billion. Moreover, its core EPS of $2.55 improved 34.9% from the year-ago quarter and topped the consensus estimates by 9.4%. Its core operating earnings came in at 420 million, up 20% from the same period last year. Its intelligent infrastructure segment continued to be a key growth driver, fueled by accelerating AI-related demand.
Looking ahead, Jabil remains focused on improving core margins, optimizing cash flow, and enhancing shareholder returns. For fiscal 2025, it expects net revenue of $29 billion, and projects core EPS of $9.33 at the midpoint of its guidance range.
Jabil has also considerably outpaced its rival, Fabrinet (FN), which gained 9.3% over the past 52 weeks and 22.7% on a YTD basis.
Given Jabil's recent outperformance, analysts remain highly optimistic about its prospects. The stock has a consensus rating of "Strong Buy' from the eight analysts covering it, and the mean price target of $221.25 suggests a 6.2% premium to its current price levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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