As for Tuesday's scheduled news,
(JBL - Get Report)
is reporting its fiscal fourth-quarter results after the closing bell, and Wall Street is looking for earnings of 58 cents a share in the August-ended quarter on revenue of $4.22 billion.
Shares of the St. Petersburg, Fla.-based provider of electronics manufacturing services are up more than 9% so far in 2012, but the stock has pulled back more than 20% since hitting a 52-week high of $27.40 in late March.
The sell side is bullish with 10 of the 13 analysts covering Jabil at either strong buy (6) or buy (4) and the 12-month median price target sitting at $27, implying potential upside of more than 25% from Monday's close at $21.37.
Deutsche Bank has a hold rating ahead of the report, saying the stock looks fairly valued vs. its peers at current levels.
"We expect results to be in line with guidance, which was for sales of $4.10-$4.35B and EPS of $0.54-$0.66," the firm said. "We are expecting another solid quarter from DMS [diversified manufacturing services], driven by Specialized Services, while we are incrementally more positive on HVS [high velocity systems] (RIM business) but see further slow telecom and enterprise spending as a modest negative for E&I [enterprise and infrastructure]. With macro weak, we anticipate moderately softer F1Q-13 guidance."
Check out TheStreet's quote page for Jabil for year-to-date share performance, analyst ratings, earnings estimates and much more.
Other companies reporting results on Tuesday include
FactSet Research Systems
The economic calendar features the S&P/Case-Shiller 20-city home price index for July at 9 a.m. ET; consumer confidence data for September at 10 a.m. ET; and the Federal Housing Finance Agency housing price index for July at 10 a.m. ET.
(CAT - Get Report)
was slumping in Monday's extended session after the heavy equipment company said it's taking a measured view of the global economy over the next few years. The Dow component gave a forecast for earnings of $12 to $18 per share in 2015 on sales ranging from $80 billion to $100 billion.
That outlook compares to the current average estimate of analysts polled by
is for a profit of $14.99 a share in 2015 on revenue of $97.13 billion and expectations for earnings of $9.61 a share on revenue of $68.77 billion in 2012.