S&P 500 (NYSE:SPY) component Jacobs Engineering Group Inc. (NYSE:JEC) reported its results for the fourth quarter. Jacobs Engineering Group offers its customers technical and construction services including engineering, design, construction management and operations and maintenance services.
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Jacobs Engineering Group Inc. Earnings Cheat Sheet
Results: Net income for Jacobs Engineering Group Inc. rose to $107.4 million (83 cents per share) vs. $94.3 million (74 cents per share) in the same quarter a year earlier. This marks a rise of 13.9% from the year-earlier quarter.
Revenue: Rose 2.3% to $2.79 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jacobs Engineering Group Inc. reported adjusted net income of 80 cents per share. By that measure, the company fell in line with the mean estimate of 80 cents per share. It fell short of the average revenue estimate of $2.88 billion.
The company has now seen its net income increase for three consecutive quarters. In the third quarter, net income rose 8% and in the second quarter, the figure rose 4.6%.
Revenue has risen for the last four quarters. Revenue increased 1% to $2.77 billion in the third quarter. The figure rose 5.7% in the second quarter from the year earlier and climbed 11.7% in the first quarter from the year-ago quarter.
The company fell in line with estimates last quarter after beating forecasts in the previous quarter with net income of 76 cents versus a mean estimate of net income of 75 cents per share.
Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 78 cents a share. For the fiscal year, the average estimate has been unchanged at $2.91 a share.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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