Earnings Previews: GoHealth, Jabil, Markforged, SentinelOne

Jabil

Custom chipmaker Jabil Inc. (NYSE: JBL) has added more than 16% to its share price over the past 12 months, including a December spike to an all-time high. Since then, however, the shares are down about 21.5%. The stock may be undervalued, as its earnings multiple of around 8.4 is well below the industry’s average of about 15.3. Current macroeconomic concerns could be either a positive or a negative for the stock going forward. Management’s outlook will play a big role in investor reaction to earnings. JBL reports results before markets open on Wednesday.Of eight brokerages covering the stock, all have given eBay a Buy or Strong Buy rating. At a share price of about $55.75, the upside potential based on a median price target of $78.00 is 39.9%. At the high target of $80, the potential upside is about 43.54%.

Analysts are expecting fiscal second-quarter revenue of $8.18 billion, down about 132% sequentially but up by about 10.4% year over year. Adjusted EPS for the quarter are forecast at $1.72, down by around 22.9% sequentially and 19.4% higher year over year. For the full year ending in August, analysts currently estimate EPS of $6.64, up 18.3%, on revenue of $31.88 billion, up 8.9%.

Shares trade at 8.4 times expected 2022 EPS, 7.8 times estimated 2023 earnings of $7.18 and 7.3 times estimated 2024 earnings of $7.60 per share. The stock’s 52-week range is $47.28 to $72.11. The company pays an annual dividend of $0.32 (yield of 0.57%). Total shareholder return for the past 12 months is 15.9%.

24/7 Wall St.
5 Analyst Favorite Stocks to Buy With Dividends Expected to Rise This Week

Markforged

3D printer maker Markforged Holding Corp. (NYSE: MKFG) has seen its stock price drop by almost 75% over the past 12 months. Cathie Wood’s ARK Investment Management funds hold about 14.65 million shares of the company’s outstanding stock, the largest stake of any shareholder. Even as the stock price has been sliding, ARK has continued acquiring shares, although at a slower pace than in the summer of 2021. Markforged reports quarterly results after markets close on Tuesday.

Of six brokerages covering the company, five have rated the stock at Buy or Strong Buy and the other has a Hold rating on the shares. At a share price of around $3.10, the upside potential based on a median price target of $9.00 is 190%. At the high price target of $13.50, the upside potential is 335%.