With earnings on tap for Jun. 17, IBD 50 member Jabil stock is currently about 15% under a 72.21 buy point. The entry is based on a first-stage consolidation. The stock has an 88 Relative Strength Rating.
Keep in mind that buying just before a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can minimize your risk by waiting to see the actual numbers and the market's reaction. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.
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Jabil Sees Consistent EPS Growth
Earnings grew 32% last quarter, up from 20% in the prior report. Revenue also increased, from 9% to 11%.
Analysts expect earnings-per-share growth of 24% for the quarter, and 29% growth for the full year.
Jabil stock has a 93 Composite Rating and earns the No. 1 rank among its peers in the Electronics-Contract Manufacturing industry group. Nortech Systems and Celestica are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
