Pasadena, California-based Jacobs Engineering Group Inc. provides engineering and other services related to design and construction of major facilities, plants, infrastructure and other projects. JEC shares high brand value in the market but is also exposed to certain risks of external market uncertainties. The company has managed to beat estimates in each of the trailing four quarters, the average positive surprise being 14.9%.

Currently, JEC has a Zacks Rank#2 (Buy) but that could change following its third-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: JEC beat on earnings. Adjusted earnings per share came in at 78 cents, up 5.4% with respect to the Zacks Consensus Estimate of 74 cents.

Revenue: Revenues of $2,693.9 million came below the Zacks Consensus Estimate of $2,797 million.

Key Stats: At the end of third-quarter of fiscal 2016 the company had a total backlog of $18.3 billion, $11.9 billion of which is attributable to technical professional services. The robust backlog level implies the company’s focused approach to improve sales.

Stock Price: Shares prices did not show any movement in the pre-market trading session.

Check back later for our full write up on this JEC earnings report later!

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