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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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>