On the Watch: Jabil Circuit to report 3Q results

The company said in March it expected weaker demand would impede growth during the quarter and guided for a profit of 18 cents to 22 cents per share, excluding one-time items.

Deutsche Bank's Sherri Scribner said in an analyst note she expects weakness in the company's automotive, industrial and consumer divisions due to the broader economic slowdown.

Scribner, who rates the stock at "Hold," said she expects the company to post a profit of 20 cents per share, excluding a stock option expense. Analysts polled by Thomson Financial also expect 20 cents per share, on average.

Meanwhile, Cowen and Co. analyst Louis Miscioscia said Monday electronics manufacturers such as Jabil may be "at a turn" after several years of restructuring, and reiterated his "Outperform" rating on the stock.