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 beating three estimates in the last four trailing quarters, with a positive average beat of 5.91%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its second-quarter fiscal 2017 (ended Mar 31, 2017) 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 78 cents, above the Zacks Consensus Estimate of 71 cents.
Revenue: Revenues of $2,319.1 million were below the Zacks Consensus Estimate of $2,614 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. Based on the current market conditions, the company anticipates fiscal 2017 earnings to lie within $3.00-$3.30 per share range.
Stock Price: As of May 8, 2017 JEC closed the trading session at $54.71 per share.
Check back later for our full write up on this JEC earnings report later!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
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Jacobs (JEC) Beats on Q2 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 beating three estimates in the last four trailing quarters, with a positive average beat of 5.91%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its second-quarter fiscal 2017 (ended Mar 31, 2017) 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 78 cents, above the Zacks Consensus Estimate of 71 cents.
Revenue: Revenues of $2,319.1 million were below the Zacks Consensus Estimate of $2,614 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. Based on the current market conditions, the company anticipates fiscal 2017 earnings to lie within $3.00-$3.30 per share range.
Stock Price: As of May 8, 2017 JEC closed the trading session at $54.71 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!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>