Jacobs (JEC) Beats Q1 Earnings Estimates, Raises FY18 View
Zacks Investment Research | Feb 06, 2018 10:28PM ET
Jacobs Engineering Group Inc. (NYSE:JEC) reported impressive results for first-quarter fiscal 2018 (ended Dec 29, 2017).
Earnings/Revenues
Adjusted earnings in the reported quarter came in at 77 cents per share, beating the Zacks Consensus Estimate of 67 cents. The bottom line also came in higher than the year-ago tally of 68 cents per share.
Revenues improved to $2,750.3 million from 2,551.6 million recorded in the prior-year quarter. The top line exceeded the Zacks Consensus Estimate of 2,563 million.
Segment Details
Aerospace & Technology’s quarterly sales jumped 25% to $721.5 million. Buildings & Infrastructure sales climbed 13.4% year over year $658.5 million.
However, Industrial segment revenues edged down 0.3% year over year to $749.3 million. Also, revenues of the Petroleum & Chemicals segment came in at $621 million, down 3.2% year over year.
Jacobs Engineering Group Inc. Price, Consensus and EPS Surprise
CalAtlantic Group, Inc. (NYSE:CAA) flaunts a Zacks Rank of 1. The company generated an average positive earnings surprise of 5.64% over the preceding four quarters.
TopBuild Corp. (NYSE:BLD) carries a Zacks Rank of 2. The company has recorded an average positive earnings surprise of 10.33% during the same time frame.
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