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.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its first-quarter fiscal 2018 (ended Dec 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 77 cents, above the Zacks Consensus Estimate of 67 cents.
Revenue: Revenues of $2,750.3 million were above the Zacks Consensus Estimate of $2,563 million.
Key Stats: JEC has raised its adjusted earnings guidance for fiscal 2018 to the $3.85-$4.25 per share range, higher than the previously estimated range of $3.55-$3.95 per share range. The company has lifted its view on grounds of the benefits secured from the latest change in the tax legislation of the United States. Going forward, JEC is poised to grow on the back of sturdier segmental performance and CH2M buyout benefits.
Stock Price:As of Feb 6, 2018, JEC closed the trading session at $64.14 per share.
Check back later for our full write up on this JEC earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Image: Bigstock
Jacobs Engineering (JEC) Beats on Q1 Earnings Estimates
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.
Currently, JEC has a Zacks Rank# 2 (Buy) but that could change following its first-quarter fiscal 2018 (ended Dec 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 77 cents, above the Zacks Consensus Estimate of 67 cents.
Revenue: Revenues of $2,750.3 million were above the Zacks Consensus Estimate of $2,563 million.
Key Stats: JEC has raised its adjusted earnings guidance for fiscal 2018 to the $3.85-$4.25 per share range, higher than the previously estimated range of $3.55-$3.95 per share range. The company has lifted its view on grounds of the benefits secured from the latest change in the tax legislation of the United States. Going forward, JEC is poised to grow on the back of sturdier segmental performance and CH2M buyout benefits.
Stock Price:As of Feb 6, 2018, JEC closed the trading session at $64.14 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 Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>