Jacobs Engineering Group, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Jacobs Engineering Group, Inc. (NYSE:JEC) will unveil its latest earnings on Tuesday, July 26, 2011. Jacobs Engineering Group Inc. 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 70 cents per share, a rise of 11.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 72 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 70 cents during the last month. For the year, analysts are projecting profit of $2.60 per share, a rise of 4.8% from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting net income of 63 cents per share in second quarter to fall in line with expectations, the company beat estimates by 3 cents in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $2.7 billion in revenue this quarter, a rise of 6.7% from the year ago quarter. Analysts are forecasting total revenue of $10.39 billion for the year, a rise of 4.5% from last year’s revenue of $9.94 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

Key Stats:

The increase in profit in the second quarter breaks a streak of three consecutive quarters of year-over-year profit decreases. In the second quarter, net income rose 3.5% from the year earlier, while the figure dropped 9.1% in the first quarter, 2.9% in the fourth quarter of the last fiscal year and 79.9% in the third quarter of the last fiscal year.

Revenue has fallen in the past four quarters. Revenue declined 1.1% to $2.56 billion in second quarter. The figure fell 4.9% in the first quarter from the year earlier, dropped 8.2% in fourth quarter of the last fiscal year from the year-ago quarter and 7.4% in the third quarter of the last fiscal year.

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 April 25, 2011 to July 20, 2011, the stock price had fallen $9.70 (-18.9%) from $51.34 to $41.64. 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 August 18, 2010 and August 26, 2010 when shares fell for seven-straight days, falling 3.3% (-$1.19) over that span. Shares are down $4.21 (-9.2%) year to date.

(Source: Xignite Financials)

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