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 4.8%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following fourth-quarter fiscal 2017 (ended Sep 29, 2017) earnings, 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 98 cents, above the Zacks Consensus Estimate of 82 cents.
Revenues: Revenues of $2,653.9 million were above the Zacks Consensus Estimate of $2,597 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 2018 adjusted earnings to lie within $3.25-$3.60 per share range.
Stock Price: The stock price did not show any movement in pre-market trading at the time of the write-up.
Check back later for our full write up on this JEC earnings report later!
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Jacobs (JEC) Beats on Q4 Earnings & Revenues, Offers View
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 4.8%.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following fourth-quarter fiscal 2017 (ended Sep 29, 2017) earnings, 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 98 cents, above the Zacks Consensus Estimate of 82 cents.
Jacobs Engineering Group Inc. Price and EPS Surprise
Jacobs Engineering Group Inc. Price and EPS Surprise | Jacobs Engineering Group Inc. Quote
Revenues: Revenues of $2,653.9 million were above the Zacks Consensus Estimate of $2,597 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 2018 adjusted earnings to lie within $3.25-$3.60 per share range.
Stock Price: The stock price did not show any movement in pre-market trading at the time of the write-up.
Check back later for our full write up on this JEC earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>