Jabil Inc. JBL reported second-quarter fiscal 2022 earnings of $1.68 per share, which beat the Zacks Consensus Estimate by 15.1% and grew 32.3% year over year.The company’s share price jumped 9.7% on Mar 16.Revenues increased 10.6% year over year to $7,553 million, beating the consensus estimate by 1.9%. Solid demand in key end markets together with excellent operational execution and skillful management of supply chain dynamics drove the performance.Jabil, Inc. Price, Consensus and EPS Surprise Jabil, Inc. price-consensus-eps-surprise-chart | Jabil, Inc. QuoteQuarter DetailsDiversified Manufacturing Services (DMS) revenues improved 4% year over year, driven by growth in several end markets, such as healthcare, automotive and mobility.Electronics Manufacturing Services (EMS) revenues increased 19% year over year, led by robust digital print and retail performances, industrial and semi cap, and 5G wireless and cloud businesses.Gross profit increased to $609 million from $569 million year over year. Operating income grew to $313 million from $236 million.Cash Flow & LiquidityIn the first six months of fiscal 2022, Jabil’s operating cash flow was $200 million compared with $86 million in the year-ago period. As of Feb 28, 2022, the company had $1,093 million in cash and cash equivalents with $2,380 million of notes payable and long-term debt.GuidanceFor third-quarter fiscal 2022, Jabil expects revenues between $7.9 billion and $8.5 billion. Operating income is estimated in the $276-$336 million range. The company’s non-GAAP earnings per share are expected between $1.40 and $1.80.Thanks to strong secular tailwinds and momentum in many end markets, the company raised outlook for fiscal 2022. It now expects revenues of approximately $32.6 billion and core EPS of about $7.25.Zacks Rank & Stocks to ConsiderJabil currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Clearfield, Inc. CLFD is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 20.5% upward over the past 60 days.Clearfield delivered a trailing four-quarter earnings surprise of 50.7%, on average. It has gained 95.5% in the past year.Qualcomm, Inc. QCOM, carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 12.2% over the past 60 days.Qualcomm delivered a trailing four-quarter earnings surprise of 12.2%, on average. It has appreciated 16% in the past year.Sierra Wireless, Inc. SWIR also carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised upward by 237.5% over the past 60 days.Sierra Wireless pulled off a trailing four-quarter earnings surprise of 58%, on average. The stock has inched up 3.7% in the past year. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Sierra Wireless, Inc. (SWIR): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research