BUZZ-Apple investors eye impending Jabil Circuit report

Wed Jun 17, 2015 12:56pm EDT
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** Shares of contract electronics maker Jabil Circuit down 0.6 pct in light volume ahead of May-quarter earnings report after market close today

** Apple Inc co's largest customer, accounting for 18 pct of Jabil's revenue in 2014

** Jabil, which makes iPhone casings, watched by analysts as barometer of potential Apple results

** Mean analyst estimate for Jabil's fiscal Q3 EPS is $0.49, but Thomson Reuters SmartEstimate indicates $0.50, implying co could top estimates by 0.8 pct

** Jabil has beaten consensus analyst EPS estimates by at least 11 pct in each of past four quarters, according to Thomson Reuters data

** Consensus estimate for quarterly revenue is $4.46 billion

** Customers also include Cisco Systems Inc, BlackBerry and Hewlett-Packard

** JBL up 12 pct YTD, trades at 11x NTM earnings