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Jacobs (JEC) to Report Q2 Earnings: Another Beat in Store?
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Jacobs Engineering Group Inc. is slated to report second-quarter fiscal 2017 (ended Mar 31, 2017) results on May 9, before the market opens.
Over the last four quarters, Jacobs generated a positive average earnings surprise of 5.91%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Over the last one month, Jacobs’ shares yielded a return of 0.35%, as against the loss of 1.64% incurred by the Zacks categorized Engineering/R&D Services industry.
Jacobs’ business exposure in diversified end markets is expected to reinforce financials in the upcoming quarters. Donald Trump’s intention to boost infrastructure spending in the U.S, as well as the recovering economic conditions in China, are anticipated to drive demand for Jacobs’ non-imitable engineering and construction management services over the long term.
Also, the company anticipates the fiscal second-quarter margins to improve on the back of diligent cost management and strategic restructuring initiatives.
However, several headwinds lingering in the construction industry are predicted to hurt the company’s results in the quarter to be reported. For instance, lower prices of oil and core metals (like iron ore) might weigh over revenues of construction companies like Jacobs (by postponing, reducing or even cutting down investments of energy and mining companies). At the same time, a stronger U.S. currency might hurt Jacobs’ foreign revenues and earnings in the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Jacobs will beat on earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. That is not the case here as we will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Jacobs currently has an Earnings ESP of 0.00%. This is because both the Zacks Consensus Estimate and the Most Accurate estimate are pegged at 71 cents.
Jacobs Engineering Group Inc. Price and EPS Surprise
Zacks Rank: Jacobs carries a favorable Zacks Rank #2. However, an Earnings ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Some stocks worth considering in the industry are listed below:
Armstrong World Industries, Inc. (AWI - Free Report) , with an Earnings ESP of +2.86%, and a Zacks Rank #2.
TopBuild Corp. (BLD - Free Report) , with an Earnings ESP of +5.26%, and a Zacks Rank #2.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Jacobs (JEC) to Report Q2 Earnings: Another Beat in Store?
Jacobs Engineering Group Inc. is slated to report second-quarter fiscal 2017 (ended Mar 31, 2017) results on May 9, before the market opens.
Over the last four quarters, Jacobs generated a positive average earnings surprise of 5.91%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Over the last one month, Jacobs’ shares yielded a return of 0.35%, as against the loss of 1.64% incurred by the Zacks categorized Engineering/R&D Services industry.
Jacobs’ business exposure in diversified end markets is expected to reinforce financials in the upcoming quarters. Donald Trump’s intention to boost infrastructure spending in the U.S, as well as the recovering economic conditions in China, are anticipated to drive demand for Jacobs’ non-imitable engineering and construction management services over the long term.
Also, the company anticipates the fiscal second-quarter margins to improve on the back of diligent cost management and strategic restructuring initiatives.
However, several headwinds lingering in the construction industry are predicted to hurt the company’s results in the quarter to be reported. For instance, lower prices of oil and core metals (like iron ore) might weigh over revenues of construction companies like Jacobs (by postponing, reducing or even cutting down investments of energy and mining companies). At the same time, a stronger U.S. currency might hurt Jacobs’ foreign revenues and earnings in the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Jacobs will beat on earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. That is not the case here as we will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Jacobs currently has an Earnings ESP of 0.00%. This is because both the Zacks Consensus Estimate and the Most Accurate estimate are pegged at 71 cents.
Jacobs Engineering Group Inc. Price and EPS Surprise
Jacobs Engineering Group Inc. Price and EPS Surprise | Jacobs Engineering Group Inc. Quote
Zacks Rank: Jacobs carries a favorable Zacks Rank #2. However, an Earnings ESP of 0.00% makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Some stocks worth considering in the industry are listed below:
KB Home (KBH - Free Report) , with an Earnings ESP of +3.85%, and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Armstrong World Industries, Inc. (AWI - Free Report) , with an Earnings ESP of +2.86%, and a Zacks Rank #2.
TopBuild Corp. (BLD - Free Report) , with an Earnings ESP of +5.26%, and a Zacks Rank #2.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>