Earnings

September 27, 2022

Earnings Recap – 09/27/22

It’s a very slow time for earnings, but some stocks are still on the move. One of those is the manufacturing services company, Jabil Inc.

The company’s fiscal fourth-quarter earnings and revenues were above expectations. Adjusted earnings per share were $2.34 vs. $2.15, and revenues were $9.03 vs. $8.39 billion.💪

Additionally, the company provided upbeat guidance. It now expects first-quarter EPS of $2.00 to $2.40 and revenue of $9.0-$9.6 billion, beating expectations of $8.93 billion. And to top it off, the company authorized a $1 billion share buyback, which is ~12-13% of its current market cap.

Investors appear happy with the results, sending $JBL shares up 2.24% in a tough tape. 👍

Related Articles

Related Articles

CrowdStrike Bucks The Cyber Selloff

March 5, 2024

Meanwhile, BlackBerry shares fell 3.54% after hours despite the company beating expectations.

The cybersecurity and “Internet-of-Things” company reported an adjusted second-quarter loss of 5 cents per share, 2 cents better than estimates. Additionally, its revenue of $168 million was above estimates of $162.4 million. 👍

While the results beat expectations, the company’s overall trajectory remains unclear. Investors in the “meme stock” appear to be losing patience in the turnaround story, especially in the challenging macro environment.

Like the rest of the market, shares of $BB are trading near their year-to-date lows. We’ll have to wait and see how it reacts throughout the rest of the week. 🤷

Learn More About...

You Might Also Enjoy

Earnings

March 4, 2024

The Battle Of The Clothing Boxes

The online personal styling business might’ve been a solid bet during the ZIRP era, but it has really taken a beating in the post-pandemic world. Today, we heard from Stitch Fix and ThredUp, battling for survival in the public markets. 📦

First up, Stitch Fix reported a $0.29 per share loss on $330.40 million in revenues. Both numbers missed estimates of a $0.22 loss and $330.88 million. Looking ahead, the company’s third-quarter revenue guidance of $300 to $310 million also missed expectations. 🔻

Read It

Earnings

February 27, 2024

Buyers Move Beyond Tech

Animal spirits have been a big theme of this newsletter since October, and boy, are things getting wild. While the mainstream media continues focusing on tech giants like Nvidia, investors and traders are searching far and wide for new opportunities to squeeze the shorts and make a killing. 🕵️‍♂️

Today’s surefire sign of this speculative fervor building in the market is everyone’s favorite non-meat meat stock, Beyond Meat. 🫨

Read It

Earnings

March 5, 2024

Target Hits Its Mark With Membership Push

Once companies discovered that membership and loyalty programs drove additional customer visits and spending, there became apps for everything. Trust me, I’ve got the McDonald’s app on my phone because I get free fries or something with my occasional purchase… 📱

Nonetheless, this shit clearly works, and everyone wants a part of it. Given Target’s recent struggle, it’s not surprising that it’s jumping on the bandwagon as part of its turnaround strategy. 

Read It

More in   Earnings

View All

Earnings

February 15, 2024

Another Day, Another Chip Rally

It’s another day, which means investors and traders were buying anything in the semiconductor space that isn’t tied down. Let’s see what you missed. 👇

First up, chip-equipment company Applied Materials soared to new all-time highs after citing “artificial intelligence” momentum during its earnings call. Adjusted earnings per share and revenues both topped expectations, while its current-quarter expectations also beat estimates. 🏭

Read It

Earnings

March 6, 2024

JD Joins The China Party

The China trade remains a controversial one, with bulls looking to nail an epic bottom and bears looking for the collapse of the country’s stock market (and economy). However, despite all the crazy headlines about economic data, regulators banning short selling, and a whole lot more, some stocks are trying to stabilize. 📰

Today’s example is eCommerce giant JD.com, which reported an earnings and revenue beat after a long string of disappointments. While growth remains well off its pandemic-era highs, investors are happy to see that the business is at least stabilizing and being forecasted properly by management.

Read It

Earnings

February 14, 2024

Semis Continue To Tower Over Market

Semiconductors continue to dominate the market and thus dominate our headlines. With that said, today we’ve got a fresh stock breaking out and another setting up, so stick with us. 👇

First up is Tower Semiconductor, an Israeli chip manufacturer that reported results today. The company’s revenue fell 13% YoY to $351.7 million during the fourth quarter but topped the $350 million expected by analysts. Its earnings per share were down about 30% YoY to $0.48, but again, better than anticipated. 🔺

Read It

Earnings

February 8, 2024

$NET Makes The Bears Regret

Network provider Cloudflare is surging after the bell following better-than-expected results. 📝

The company’s adjusted earnings per share of $0.15 on $362.50 million in revenues topped estimates of $0.12 and $353.10 million. YoY revenue growth of 32% was consistent with its third quarter, while its GAAP net loss narrowed significantly from the year prior.

Read It