Jacobs Engineering Group

Services | Technical Services | USA

Jacobs (JEC) Q2 Earnings Miss Estimates, Rise Y/Y, View Up

Jacobs Engineering Group Inc. JEC reported second-quarter fiscal 2019 (ended Mar 29, 2019) results, wherein earnings and revenues missed the Zacks Consensus Estimate by 2.5% and 1.4%, respectively.

This construction and technical services company’s earnings from continuing operations of $1.19 per share increased 37% year over year. The upsurge was mainly attributable to strong revenues and margins.

Segmental Performance Drives Revenues

In the quarter under review, Jacobs’ revenues totaled $3,091.6 million, reflecting healthy growth of 37% from the year-ago level. The improvement was driven by healthy segmental businesses.

Backlog at the end of the fiscal second quarter was $20.7 billion, increasing 7.5% year over year.

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https://finance.yahoo.com/news/jacobs-je...02381.html

Jacobs Engineering (JEC) Q3 Earnings and Revenues Surpass Estimates

Jacobs Engineering (JEC) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this construction and technical services company would post earnings of $1.09 per share when it actually produced earnings of $1.19, delivering a surprise of 9.17%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Jacobs Engineering, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $3.17 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.67%.


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https://finance.yahoo.com/news/jacobs-en...11916.html