Jacobs Engineering Group Inc. Earnings Cheat Sheet: Profitable Quarter Accelerates Growth

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.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Jacobs Engineering Group Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Jacobs Engineering Group Inc. rose to $94.3 million (74 cents per share) vs. $77 million (61 cents per share) in the same quarter a year earlier. This marks a rise of 22.5% from the year earlier quarter.

Revenue: Rose 15.2% to $2.7 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: JEC beat the mean analyst estimate of 73 cents per share. It fell short of the average revenue estimate of $2.77 billion.

Quoting Management: Jacobs Chief Financial Officer John W. Prosser, Jr. stated, “With a solid backlog and improving prospects as we finish 2011, we are initiating guidance for fiscal 2012 earnings per share within a range of $2.80 to $3.20.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose more than fourfold and in the second quarter, the figure rose 3.5%.

The company has now beaten estimates the last two quarters. In the third quarter, it topped expectations with net income of 71 cents versus a mean estimate of net income of 70 cents per share.

The company’s revenue has now risen for two straight quarters. In the third quarter, revenue increased 9.4% to $2.74 billion from the year earlier quarter.

The company’s cost of sales rose 15.1% from a year earlier. Last quarter, cost of sales was 85.1% of revenue, similar to a year earlier.

Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 69 cents a share. For the fiscal year, the average estimate has been unchanged at $2.59 a share.

Competitors to Watch: Fluor Corporation (NYSE:FLR), URS Corporation (NYSE:URS), The Shaw Group Inc. (NYSE:SHAW), Tetra Tech, Inc. (NASDAQ:TTEK), KBR, Inc. (NYSE:KBR), Michael Baker Corporation (AMEX:BKR), AECOM Technology Corp. (NYSE:ACM), Granite Construction Inc. (NYSE:GVA), Willdan Group, Inc. (NASDAQ:WLDN), and Quanta Services, Inc. (NYSE:PWR).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)