Global professional services company Jacobs Solutions (NYSE: J) will be reporting results tomorrow before market hours. Here’s what to look for.
Jacobs Solutions missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $2.96 billion, up 45.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ backlog estimates.
Is Jacobs Solutions a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Jacobs Solutions’s revenue to grow 4.4% year on year to $2.92 billion, slowing from the 10.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
With Jacobs Solutions being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for professional services stocks. However, there has been positive investor sentiment in the segment, with share prices up 11.7% on average over the last month. Jacobs Solutions is up 14.1% during the same time and is heading into earnings with an average analyst price target of $144.49 (compared to the current share price of $126.68).
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