Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Schwab SoundView Trims Jabil Circuit Estimates

Schwab SoundView cut its estimates on Jabil Circuit (JBL).

Analyst Michelle Gutierrez says third-quarter EPS and revenues were in line, but margins deteriorated due to program ramps and a $25 million sell-through of component inventory (zero margin). She notes EPS is in line on lower share count. She adds that EPS and margin guidance is disappointing, though the amount of new business ramps (which is pulling margins down) indicates positive growth trends.

Gutierrez cut the 30 cents fourth-quarter EPS estimate to 26 cents, and $1.50 fiscal 2005 (Aug.) to $1.28. Though her enthusiasm has tempered, she says she still thinks Jabil is well positioned for improved demand.

Gutierrez believes the announcement of a new CFO is unrelated to the company's operations. She keeps her outperform rating and has a $35 target price.

blog comments powered by Disqus