Earnings Preview: Jabil Circuit Reports Results

| About: Jabil Circuit (JBL)

Jabil Circuit Inc. (NYSE:JBL) is due to report earnings after the closing bell on September 27, 2011.


JBL trades an average of 3.8 million shares per day.

Jabil Circuit, together with its subsidiaries, provides electronic manufacturing services and solutions in the Americas, Europe and Asia. The company was founded in 1966 and is headquartered in St. Petersburg, Florida.

52 Week High: $23.09
52 Week Low: $12.85
Book Value: $9.04
Float Short: 5.15%

On average, analysts are expecting a drop of $-0.03 in earnings per share compared to last quarter's results of $0.58. Investors will be looking to top $0.55 per share, based on the estimated mean earnings.

The P/E ratio has been discounted, as the current trailing twelve months (ttm) P/E ratio is 11.9, while the forward P/E ratio is now 8.8. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations. The stock has moved higher in price 24.19%, with a one year change of 43.23%.

For the same fiscal period year-over-year, revenue improved to $13.41 billion for 2010 vs. $11.68 billion for 2009. The bottom line has rising earnings year-over-year of $168.84 million for 2010 vs. $-1.17 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $327.57 million for 2010 vs. $-910.20 million for 2009.
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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
May-11 $ 4.14 B $ 4.23 B $ 85.70 M 2.07%
Feb-11 $ 3.92 B $ 3.93 B $ 6.92 M 0.18%
Nov-10 $ 3.96 B $ 4.08 B $ 117.90 M 2.97%
Aug-10 $ 3.89 B $ 3.86 B $ -30.88 M -0.79%
May-10 $ 3.20 B $ 3.46 B $ 250.63 M 7.82%
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M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS.)
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Reported earnings per share compared to the mean estimate. Differences are rounded.
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