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Jabil Circuit (NYSE:JBL) is expected to report Q4 earnings after the market close on Tuesday, September 29, with a conference call scheduled for 4:30 pm ET.

Guidance

The consensus estimate is 8c for EPS and $2.66B for revenue, according to First Call. Jabil's revenue guidance for Q4 was for $2.5B-$2.7B, flat quarter-over-quarter and down 20% year-over-year, and EPS of 2c-12c. Since reporting Q3, Jabil has said that end markets have continued to improve.

Analyst Views

CIBC believes its estimates for the August quarter could be light given this recent commentary. Specifically Jabil indicated that the mobility market remained strong and it is staying focused on the high-end of the market. The company indicated that it expects to benefit from seasonality in the Q1 -- November quarter, but it was too early to call a full fledged bounce back in the consumer segment just yet. Specifically, CIBC expects Jabil's Q4 revenue to be flat quarter-over-quarter, as end markets remain weak and customers continue to be cautious given the uncertainty in the recovery. The firm expects all segments to decline but for sequential growth to resume next quarter. CIBC estimates revenue of $2.6B, and EPS of 9c. The firm expects quarter-over-quarter growth to resume in Q1 and expect revenue to be $2.89B, up 11% quarter-over-quarter but down 14% year-over-year. CIBC expects the majority of the growth to come from the consumer segment, which normally gets a seasonal lift. The firm expects the gross margin to increase to 5.5% leading to EPS of 15c. Consensus for Q1 is 18c on $2.88b in revenue.

Source: Earnings Preview: Jabil Circuit