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FINANCIALS

Earnings Whispers: Jabil Circuit, Inc. (JBL) And Red Hat Inc (RHT)

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Before Jabil Circuit and Red Hat release their quarterly earnings, The Country Caller sheds light on their earnings predictions

Jabil Circuit, Inc. (NYSE:JBL) and Red Hat Inc. (NYSE:RHT) have announced their earnings call to be held in the aftermarket hours on Wednesday, September 21. Jabil Circuit would declare its earnings for the fourth quarter of fiscal year 2016 while Red Hat would do likewise for 2QFY17.

Both the business have exhibited exceptional results in the past. Even in their last respective quarters, both US-based businesses revealed top and bottom level beat on Street projections. Therefore, they are predicted to publish similar results in their upcoming earnings season as well.

Jabil Circuit

One of the largest contract managers in the world has been anticipated by the Street analysts to provide earnings per share of 24 cents in the fourth quarter. Relative to this, earningswhispers.com is poised on surpassing the expectations by looking forward to the company posting 27 cents in EPS for the season.

These earnings numbers are published to fulfill circuit board assembler’s EPS guidance given of 15-35 cents. If Street analysts are made content, EPS gains of 14.28% from previous season would be observed, as it gave anounced EPS of 21 cents in that quarter. However, the EPS decline of 6.9% year-over-year would be noticed as well, when it reported 58 cents in EPS for 4QFY15.

Furthermore, the St. Petersburg-based enterprise has been given $4.27 billion figure for its revenues by consensus analysts. This is slightly lower than the estimize.com’s predictions, which are stated at $4.28 billion. Analysts at both places would be made happy if the $4.5 billion business fulfills its revenue guidance of $4.15-4.35 billion. Moreover, sales loss of 9.21% YoY would be observed if happiness is provided to Street analysts at it gave out $4.7 billion in revenues for the same quarter in last year.

Red Hat Inc.

For 2QFY17, the software provider has been looked forward by anlaysts to give earnings of 54 cents for the season. This would result in earnings miss on earningswhisper.com figure, which predicted an EPS of 55 cents for the quarter. However, the Street projections are in-line with the EPS guidance issued by the company.

If Street made happy on the bottom line, the EPS would gain roughly by 3.85% sequentially as it reported 52 cents in EPS for 1QFY17. Also, the EPS would observe increment of 10.2% as it announced earnings of 49 cents in 2QFY16.

Likewise, the revenue projection of Street has been stated at $590.82 million. This is about $2 million larger than estimize.com’s prediction, which estimated a $592.35 million for net sales of the season. The guidance has been given as $583-587 million.

Nonetheless, if analysts who project net sales of $590.82 million are made happy, the revenues would climb 4.04% as it reported $567.9 million in net sales for last quarter. Also, the net sales would increase 17.22% YoY as it observed $504 million in its net sales for 2QFY16.

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