Jabil beats by $0.02, beats on revs; guides Q1 EPS in-line, revs in-line
- Reports Q4 (Aug) earnings of $0.70 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.68; revenues rose 14.9% year/year to $5.77 bln vs the $5.41 bln S&P Capital IQ Consensus.
- Co issues in-line guidancefor Q1, sees EPS of $0.79-0.99, excluding non-recurring items, vs. $0.88 S&P Capital IQ Consensus; sees Q1 revs of $5.8-6.4 bln vs. $5.91 bln S&P Capital IQ Consensus.
Jabil trading lower despite strong quarter after calling for flat operating margins until 2021
- Jabil guided FY19 core EPS $3.00 vs $2.96 S&P Capital IQ Consensus Estimate; revs $24.5 bln vs $22.63 bln S&P Capital IQ Consensus, with operating margin flat at 3.5%
- Co called for no margin expansion until 2021
- Guided FY21 core EPS $3.80 on $27.7 billion in revenue with operating margin at 3.7%
- Well positioned if trade/tariff conflicts see reasonable resolution over time
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