Jacobs Engineering Group Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Jacobs Engineering Group, Inc. (NYSE:JEC) will unveil its latest earnings on Tuesday, November 15, 2011. Jacobs Engineering Group offers its customers technical and construction services including engineering, design, construction management and operations and maintenance services.

Jacobs Engineering Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 73 cents per share, a rise of 19.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.59 per share, a rise of 4.4% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported net income of 71 cents per share versus a mean estimate of 70 cents. Two quarters ago, it reported profit of 63 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.4% in revenue from the year-earlier quarter to $2.77 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the third quarter, profit rose more than fourfold to $90.7 million (71 cents a share) from $19 million (15 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 9.4% to $2.74 billion from $2.51 billion.

Key Stats:

A year-over-year revenue increase in the third quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 1.1% in the second quarter, 4.9% in the first quarter and 8.2% in the fourth quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 91.9%. The quarter with the biggest boost was the most recent quarter, which saw a more than fourfold surge.

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).

Stock Price Performance: During August 16, 2011 to November 9, 2011, the stock price had risen $2.63 (7.5%) from $35.14 to $37.77. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 13, 2010 when shares rose for 10-straight days, rising 11.5% (+$4.44) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 12.3% (-$5.28) over that span. Shares are down $8.08 (-17.6%) year to date.

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

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