Jacobs Engineering Group (NYSE: JEC ) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 28 (Q3), Jacobs Engineering Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased.
Gross margins contracted, operating margins were steady, net margins were steady.
Jacobs Engineering Group notched revenue of $3.08 billion. The 15 analysts polled by S&P Capital IQ looked for a top line of $2.97 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $2.77 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.83. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.85 per share. GAAP EPS of $0.83 for Q3 were 9.2% higher than the prior-year quarter's $0.76 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.2%, 40 basis points worse than the prior-year quarter. Operating margin was 5.5%, much about the same as the prior-year quarter. Net margin was 3.5%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.11 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $11.73 billion. The average EPS estimate is $3.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 965 members out of 987 rating the stock outperform, and 22 members rating it underperform. Among 219 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give Jacobs Engineering Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jacobs Engineering Group is outperform, with an average price target of $57.25.
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