Jabil Inc (JBL)’s An Example Of Throwing Out The Good With The Bad, Says Jim Cramer

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Jabil Inc. (NYSE:JBL) is one of the stocks Jim Cramer recently discussed.

Jabil Inc. (NYSE:JBL) is a manufacturing services provider that helps businesses with their product development. Cramer has discussed the firm several times this year and has remained optimistic about it. In this appearance, he discussed Jabil Inc. (NYSE:JBL)’s latest quarterly earnings report and the resulting share price action:

“Okay, so, remember I said throwing out the good with the bad? Jabil had an excellent quarter today and it’s beaten every number. And suddenly people find, something wrong. I mean look, they’ve reported 329, people were looking for 295. It was fabulous, their forecast was great. But today’s a bad day. So that everything goes down. I don’t want you to read into Jabil that something’s wrong with Jabil. It was a really good quarter. It’s the same thing.”

Jabil Inc (JBL)'s An Example Of Throwing Out The Good With The Bad, Says Jim Cramer

Jabil Inc. (NYSE:JBL)’s fiscal fourth quarter earnings saw the firm report $8.3 billion in revenue and $3.29 in adjusted earnings per share. Both of these beat analyst estimates of $7.6 billion and $2.90. Cramer also discussed Jabil Inc. (NYSE:JBL) and its competition in a September 9th Mad Money episode:

“Hey, then there’s another one. Jabil, a contract manufacturer for tech and healthcare that’s been sensational, buying back stock at 5% annually. That’s one worth looking into. Why? Because Celestica, a competitor, is killing it. I’m filing it away. I put it away for another time.”

While we acknowledge the risk and potential of JBL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JBL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.