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HomeBusinessJabil Shares Surge 11 percent After Strong Q4 Earnings Beat

Jabil Shares Surge 11 percent After Strong Q4 Earnings Beat

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Jabil Circuit (NYSE:JBL) saw its shares surge over 11% on Thursday after reporting better-than-expected results for Q4 2024.
The company posted EPS of $2.30, surpassing Wall Street expectations of $2.22, with revenue reaching $7 billion, exceeding the forecasted $6.59 billion.
Looking ahead to Q1 2025, Jabil anticipates EPS between $1.65 and $2.05, compared to the Street estimate of $1.83. Projected revenue ranges from $6.3 billion to $6.9 billion, compared to the estimated $6.5 billion.
For the full year 2025, Jabil expects EPS of $8.65, roughly aligning with the Street estimate of $8.64, and projects revenue of $27 billion, slightly below the $27.2 billion estimate.
CEO Mike Dastoor highlighted Jabil’s significant transformation during the fiscal year, which included the sale of its Mobility business, growth in the AI data center sector, and challenges across various markets. Despite these shifts, Jabil delivered core margins of 5.5% and $8.49 of core diluted EPS for 2024, along with generating over $1 billion in adjusted free cash flow.

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