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 a track record of missing two estimates in the last four quarters, with a positive average beat of 7.19%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its first-quarter fiscal 2017 (ended Dec 31, 2016) earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings per share came in at 68 cents, above the Zacks Consensus Estimate of 63 cents.
Revenue: Revenues of $2,551.6 million were below the Zacks Consensus Estimate of $2,638 million.
Key Stats: Jacobs aims to generate profitable commercial growth on the back of tactical restructuring programs. The company intends to improve its business on the back of strategic cost saving plans and record backlog levels. However, Jacobs perceives that macro headwinds such as appreciation of U.S. dollar and weakness in the global commodity as well as energy market prices might weigh on its revenues and earnings in the near future. Notably, the company perceives that its inaugural dividend scheme of 15 cents per share and ongoing share repurchase program would ensure its commitment towards shareholders moving ahead.
Stock Price: As of Feb 7, 2017 JEC closed the trading session at $58.80 per share.
Check back later for our full write up on this JEC earnings report later!
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Jacobs (JEC) Beats on Q1 Earnings Estimates, Lags Revenues
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 a track record of missing two estimates in the last four quarters, with a positive average beat of 7.19%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its first-quarter fiscal 2017 (ended Dec 31, 2016) earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings per share came in at 68 cents, above the Zacks Consensus Estimate of 63 cents.
Revenue: Revenues of $2,551.6 million were below the Zacks Consensus Estimate of $2,638 million.
Key Stats: Jacobs aims to generate profitable commercial growth on the back of tactical restructuring programs. The company intends to improve its business on the back of strategic cost saving plans and record backlog levels. However, Jacobs perceives that macro headwinds such as appreciation of U.S. dollar and weakness in the global commodity as well as energy market prices might weigh on its revenues and earnings in the near future. Notably, the company perceives that its inaugural dividend scheme of 15 cents per share and ongoing share repurchase program would ensure its commitment towards shareholders moving ahead.
Stock Price: As of Feb 7, 2017 JEC closed the trading session at $58.80 per share.
Jacobs Engineering Group Inc. Price
Jacobs Engineering Group Inc. Price | Jacobs Engineering Group Inc. Quote
Check back later for our full write up on this JEC earnings report later!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>