Of 10 brokerages covering Jabil stock, nine have a Buy or Strong Buy rating, and the 10th rates the shares at Hold. At a recent trading price of about $72.00, the upside potential based on a median price target of $78.00 is 8.3%. At the high target of $82.00, the potential upside is about 13.9%.
Analysts are expecting fiscal first-quarter revenue of $9.32 billion, which would be up about 3.3% sequentially and by about 8.8% year over year. Adjusted EPS for the quarter is forecast at $2.24, down 4.1% sequentially and up 16.7% year over year. For the full 2023 fiscal year ending in August, analysts currently estimate EPS of $8.27, up 8.1%, on revenue of $33.93 billion, up 1.3%.
Jabil’s shares trade at 8.7 times expected 2023 EPS, 8.2 times estimated 2024 earnings of $8.83 and 7.8 times estimated 2025 earnings of $9.24 per share. The stock’s 52-week trading range is $48.80 to $73.33. The company pays an annual dividend of $0.32 (yield of 0.45%). Total shareholder return for the past 12 months was 13.1%.
Lennar
Homebuilder Lennar Corp. (NYSE: LEN) has seen its share price decline by more than 21% over the past 12 months. The all-time high share price was posted on December 13, 2021. Look for Lennar to report results after markets close on Wednesday.
Last Friday, Bloomberg reported that Lennar is offering to sell thousands of unsold completed and some uncompleted homes to rental landlords, primarily in the U.S. Southwest and Southeast. It goes without saying that the slump in new home sales to potential homeowners is driving Lennar’s efforts.
Of 21 analysts covering the stock, 13 have a Buy or Strong Buy rating and seven more rate the stock at Hold. At a share price of around $89.00, the upside potential to a median price target of $98.50 is 10.7%. At a high target of $133.00, the upside potential is 49.4%.
For its fourth quarter of fiscal 2022, Lennar is expected to report revenue of $10.08 billion, up 12.8% sequentially and 19.6% higher year over year. Adjusted EPS are pegged at $4.90, down 5.4% sequentially but up 12.4% year over year. For the full fiscal year ended in November, EPS are forecast at $17.27, up 32.9%, on sales of $33.54 billion, up 23.6%.
Lennar stock trades at 5.0 times expected 2022 EPS, 7.9 times estimated 2023 earnings of $11.03 and 7.1 times estimated 2024 earnings of $12.26 per share. The stock’s 52-week range is $62.54 to $117.54. Lennar pays an annual dividend of $1.50 (yield of 1.69%). Total shareholder return for the past year is negative 21.3%.
Planet Labs
Planet Labs PBC (NYSE: PL) designs, builds and launches constellations of satellites that deliver high-cadence geospatial data to customers worldwide. The company completed a SPAC merger in early December of last year, and the shares have dropped by more than 40% since then. The company recently signed a deal with Accenture’s venture arm to combine Planet Labs’ satellite imagery data with Accenture’s sustainability services. Planet Labs reports results after markets close on Wednesday.
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