Jacobs Engineering Group
The 10-second takeaway
For the quarter ended Dec. 30 (Q1), Jacobs Engineering Group missed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved, and GAAP earnings per share improved significantly.
Margins grew across the board.
Jacobs Engineering Group logged revenue of $2.63 billion. The 18 analysts polled by S&P Capital IQ wanted to see revenue of $2.72 billion. Sales were 12% higher than the prior-year quarter's $2.36 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.70. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.70 per share on the same basis. GAAP EPS of $0.74 for Q1 were 35% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 16.0%, 200 basis points better than the prior-year quarter. Operating margin was 5.4%, 60 basis points better than the prior-year quarter. Net margin was 3.5%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.77 billion. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $11.28 billion. The average EPS estimate is $3.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,004 members out of 1,028 rating the stock outperform, and 24 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 276 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 $50.53.
- Add Jacobs Engineering Group to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.