JBL - A Top Growth Stock to Buy for 2022
Contract electronics manufacturer Jabil (NYSE: JBL) looked like a top stock to buy going into its fiscal 2022 first-quarter results thanks to its attractive valuation and bright prospects. It wasn't surprising to see the company crush recent earnings expectations with a strong set of numbers. Shares of the company, which makes casings for Apple 's (NASDAQ: AAPL) iPhone and iPads, increased 1.7% after its earnings report was released on Dec. 16.
What's more, Jabil raised its expectations for the full year and now anticipates stronger earnings growth in fiscal 2022, while its top line is also on track to exceed consensus estimates. Let's look at Jabil's latest quarterly numbers and check why this tech stock has room to head higher even after jumping 64% so far in 2021.
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A Top Growth Stock to Buy for 2022