Jabil Inc. JBL reported healthy fourth-quarter fiscal 2022 results with year-over-year increase in revenues and earnings driven by diligent execution of operational plans.Quarter DetailsNon-GAAP earnings for the reported quarter were $329 million or $2.34 per share compared with $216 million or $1.44 per share in the year-ago quarter. On a GAAP basis, quarterly earnings increased to $315 million or $2.25 per share from $175 million or $1.16 per share in the prior year. The Zacks Consensus Estimate for earnings was pegged at $1.92 per share.Jabil, Inc. Price, Consensus and EPS Surprise Jabil, Inc. price-consensus-eps-surprise-chart | Jabil, Inc. QuoteThe bottom-line growth was primarily attributable to higher revenues, which increased to $9,030 million from $7,409 million a year ago, beating the consensus estimate of $8,393 million. The top line performance was driven by solid demand in key end markets.In fiscal 2022, GAAP earnings were $996 million or $6.90 per share on revenues of $33,478 million compared with respective tallies of $696 million or $4.58 per share on revenues of $29,285 million in fiscal 2021.By segments, Diversified Manufacturing Services (DMS) revenues in fiscal 2022 increased to $16.7 million from $15.4 million in fiscal 2021, while Electronics Manufacturing Services (EMS) revenues were up to $16.7 million from $13.9 million.Cash Flow & LiquidityIn fiscal 2022, Jabil’s operating cash flow was $1,651 million compared with $1,433 million in fiscal 2021. As of Aug 31, 2022, the company had $1,478 million in cash and cash equivalents with $2,575 million of notes payable and long-term debt compared with respective tallies of $1,567 million and $2,878 million a year ago. The company has authorized a new share repurchase program worth $1 billion.GuidanceFor first-quarter fiscal 2023, Jabil expects revenues between $9 billion and $9.6 billion. Operating income is estimated in the $367-$427 million range. The company’s non-GAAP earnings per share are expected to be between $2.00 and $2.40.Zacks Rank & Stock to ConsiderJabil currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ooma Inc. OOMA, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 28.6%, on average, in the trailing four quarters. Earnings estimates for Ooma for the current year have moved up 43.8% since March 2022.Ooma offers communications services and related technologies for businesses and consumers in the United States and Canada. It helps to create powerful connected experiences for businesses and consumers through its smart cloud-based SaaS platform.Spirent Communications plc SPMYY carries a Zacks Rank #2. Earnings estimates for the current year for the stock have moved up 10.8% since September 2021, while that for the next year is up 11.8%.Founded in 1936 and headquartered in Crawley, the United Kingdom, Spirent offers a comprehensive, end-to-end solution that validates forwarding performance, latency and functional capabilities in an integrated approach that reduces the cost of ownership. It is a leading provider of Ethernet validation solutions in the market.Harmonic Inc. HLIT, sporting a Zacks Rank #1, delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 12.9% since February 2022.Harmonic provides video delivery software, products, system solutions and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.>>Send me my free report revealing the top 5 EV stocksWant 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 Harmonic Inc. (HLIT): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Spirent Communications PLC (SPMYY): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research