JBL - Jabil Q3 Review: Clearer Path To Capture The Data Center
2024-06-20 15:46:17 ET
Summary
- Jabil Inc. beat Q3 earnings estimates on the top and bottom lines, showing resilience despite recent challenges.
- Company repositioning towards data center business, aiming to improve margins and revenue growth.
- Valuation still indicates caution, with uncertainties in end markets and slow growth projections for FY25.
Investment Thesis
Contract manufacturer, Jabil Inc. ( JBL ), reported their Q3 FY24 earnings today. The company reported Q3 earnings that beat consensus estimates on the top and bottom lines. Heading into its Q3 earnings report, the bar had already been lowered for Jabil to outperform, as revisions to its Q3 estimates had been lowered per trends ....
Jabil Q3 Review: Clearer Path To Capture The Data Center