Jabil's FQ3 guidance mixed, but FY15 outlooks beats consensus


Jabil (JBL) expects FQ3 revenue of $3.5B-$3.7B and core EPS of -$0.20 to breakeven. The former is mostly above a $3.67B consensus, but the latter is below an $0.18 consensus.

However, Jabil is also forecasting FY15 (ends Aug. '15) EPS of $1.65-$1.95, above a $1.63 consensus

Diversified manufacturing revenue fell to $1.6B from $2.1B a year ago; enterprise & infrastructure fell to $1.2B from $1.4B, and high-velocity systems (hurt by the loss of BlackBerry orders) to $800M from $1B.

Diversified manufacturing sales are expected to be flat Y/Y in FQ3. Enterprise & infrastructure is expected to drop 5%, and high-velocity systems are seen dropping 40%.

Declining sales led gross margin to fall 90 bps Y/Y in FQ3 to 6%. SG&A spend rose 13% to $164.5M.

JBL +0.5% AH. FQ3 results, PR

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs