Jabil Guides Q4 Above Estimates; Boosts FY21 Outlook - Quick Facts

(RTTNews) - While reporting preliminary, unaudited financial results for the third quarter on Thursday, manufacturing solutions provider Jabil, Inc. (JBL) provided earnings and revenue guidance for the fourth quarter, and raised its outlook for the full-year 2021.

For the fourth quarter, the company projects earnings in a range of $1.00 to $1.20 per share and core earnings in a range of $1.25 to $1.45 per share on net revenue between $7.3 billion and $7.9 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.04 per share on revenues of $6.95 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2021, the company now projects core earnings to increase to $5.50 per share on net revenue in the neighborhood of $29.5 billion.

Previously, the company expected core earnings of $5.00 per share on net revenue in the neighborhood of $28.5 billion.

The Street is currently looking for earnings of $5.08 per share on revenues of $28.59 billion for the year.