logo
Plus   Neg
Share
Email

Jacobs Engineering Q1 Adj. Profit Tops View; Boosts 2018 Outlook - Quick Facts

Technical, professional, and construction services provider Jacobs Engineering Group, Inc. (JEC) posted Wednesday net earnings of $2.16 million or $0.02 per share for the first quarter, sharply lower than $60.54 million or $0.50 per share in the prior-year quarter.

Adjusted net earnings for the quarter was $96.98 million or $0.77 per share, compared to $83.34 million or $0.68 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $2.75 billion from $2.55 billion in the same quarter last year. Eleven Wall Street analysts' had a consensus revenue estimate of $2.56 billion.

Looking ahead to fiscal 2018, Jacobs Engineering raised adjusted earnings, including the about nine-months contribution from the CH2M acquisition, to a range of $3.85 to $4.25 per share from $3.55 to $3.95 per share.

The increase is driven by the benefits of the recent change in the U.S. federal tax law. Street is currently looking for full-year 2018 earnings of $3.81 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart Inc. (WMT) reported adjusted EPS of $1.41 for the fourth-quarter of fiscal 2019. On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $1.33 for the quarter. Analysts' estimates typically exclude special items. Net income attributable to Walmart... Anglo-Australian miner BHP, formerly known as BHP Billiton, reported Tuesday higher attributable profit in its first half, while revenues were flat. Underlying EBITDA margin was lower. Further, the company maintained its dividend. Looking ahead, the company said its productivity for the 2019 financial year is now expected to be broadly flat. Asia-focused lender HSBC Holdings Plc reported Tuesday higher profit in its fiscal 2018 reflecting revenue growth in all of global businesses, despite a challenging fourth quarter. Further, the company said it reported a good start to 2019, noting that Group revenue performance in January was ahead of plan for the month. In London, HSBC shares were losing around 4 percent in the morning trading.
Follow RTT