The Zacks Analyst Blog Highlights:Jabil Circuit, Cisco Systems, Apple, Flextronics International and Sanmina-SCI

    The Zacks Analyst Blog Highlights:Jabil Circuit, Cisco Systems, Apple,
                  Flextronics International and Sanmina-SCI

PR Newswire

CHICAGO, June 19, 2012

CHICAGO, June 19, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Jabil Circuit Inc. (NYSE:JBL),
Cisco Systems Inc. (Nasdaq:CSCO), Apple Inc. (Nasdaq:AAPL), Flextronics
International Ltd. (Nasdaq:Nasdaq:FLEX) and Sanmina-SCI Corp. (Nasdaq:SANM).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday's Analyst Blog:

Earnings Preview: Jabil Circuit

Jabil Circuit Inc. (NYSE:JBL) is set to announce its fiscal third quarter 2012
results after the closing bell on June 19, 2012. In the run up to the earnings
results, we did not notice any substantial movement in analysts' estimates for
the quarter.

Prior Quarter Highlights

The company reported second quarter 2012 earnings of 48 cents per share, which
missed the Zacks Consensus Estimate by a penny. However, earnings increased
8.1% year over year from 45 cents per share (including stock-based
compensation but excluding amortization), primarily driven by solid top-line
growth.

Revenues increased 7.8% year over year to $4.24 billion and edged past the
high end of management's guided range of $4.0 billion to $4.2 billion.
Quarterly revenues surpassed the Zacks Consensus Estimate of $4.10 billion.
Higher quarterly revenues were attributable to market share gains, new
customer wins and strong growth from the emerging markets.

Jabil expects net revenue in the range of $4.2 billion to $4.4 billion for the
third quarter of 2012 (up approximately 2.0% on a year-over-year basis).
Revenue estimate as per Zacks Consensus is pegged at $4.29 billion. Jabil
expects non-GAAP earnings per share to be between 60 cents and 70 cents for
the third quarter.

For further details please see: Jabil Reports Mixed 2Q

Estimation Revisions Trend

Over the past 30 days, none of the five analysts covering the stock revised
their estimates. Thus, the Zacks Consensus Estimate for the third quarter
stayed at 56 cents per share. Analysts' estimates range from 55 cents to 58
cents.

Though Jabil has a positive average earnings surprise of 0.68%, the company
has failed to beat the Zacks Consensus Estimate in three out of the four
preceding quarters. For the current quarter, analysts covering the stock
expect Jabil to be negatively affected by the weaker-than-expected results of
its customers, such as Cisco Systems Inc. (Nasdaq:CSCO).

However, Jabil's Diversified Manufacturing Segment ("DMS") is expected to
witness top-line expansion on the back of Apple Inc.'s (Nasdaq:AAPL) new
iPhone in the forthcoming quarter. Moreover, the shift towards higher margin
DMS segment is expected to drive margins in the long run.

Our Take

Jabil is expected to benefit from strong growth in the Mobility, Aerospace and
Defense, Healthcare, Instrumentation and Industrial, Clean Tech, Networking
and Storage segments over the long term. Moreover, expansion of global
business and strategic acquisitions are positives for the stock.

However, the company faces strong competition from Flextronics International
Ltd. (Nasdaq:Nasdaq:FLEX) and Sanmina-SCI Corp. (Nasdaq:SANM), which along
with the high debt level and sluggish economic conditions in Europe and the
U.S. are the near term headwinds going forward.

Currently, Jabil has a Zacks #4 Rank, which implies a 'Sell' rating on a
short-term basis.

Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com

http://www.zacks.com

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com