Jabil Inc (NYSE:JBL) reported mixed fourth-quarter results and issued strong first-quarter earnings guidance.
Jabil reported quarterly revenue of $8.46 billion, missing the consensus estimate of $8.54 billion. The company’s adjusted EPS of $2.45 beat the consensus of $2.32.
Jabil sees first-quarter revenue of $8.4 billion-$9.0 billion vs. the consensus of $9.18 billion. The company sees adjusted EPS of $2.40-$2.80 vs. the consensus of $2.33.
Jabil shares gained 1.1% to trade at $126.31 on Friday.
These analysts made changes to their price targets on Jabil following earnings announcement.
- Barclays increased the price target on Jabil from $134 to $144. Barclays analyst George Wang maintained an Overweight rating.
- Stifel raised the price target on Jabil from $120 to $135. Stifel analyst Matthew Sheerin maintained a Buy rating.
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