Jacobs Solutions Initiates FY23 Adj. EPS Outlook - Update

While reporting financial results for the fourth quarter on Monday, professional services provider Jacobs Solutions, Inc. (J) initiated its adjusted earnings guidance for the full-year 2023.

For fiscal 2023, the company now projects adjusted earnings in a range of $7.60 to $7.90 per share, based on fiscal 2022 average FX rates, and in a range of $7.20 to $7.50 per share, based on FX rates in early November.

The company also said the difference between these two scenarios on a net revenue basis is approximately $430 million.

On average, 15 analysts polled by Thomson Reuters expect the company to report earnings of $7.66 per share on revenues of $15.87 billion for the year. Analysts' estimates typically exclude special items.

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