Published on 6 May 2024 on Zacks via Yahoo Finance
Jacobs (J) to Report Q2 Earnings: What's in the Offing?
Jacobs Engineering Group Inc. J is slated to report second-quarter fiscal 2024 results on May 7, before market open.In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate by 34.7% and 3.7%, respectively. On a year-over-year basis, its earnings grew 28% and revenues increased 9.5%.The leading provider of professional, technical and construction services’ earnings topped the consensus mark in two of the last four quarters and missed on other two occasions, with the average surprise being 7.3%.
Trend in Estimates
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share decreased to $1.84 from $1.90 in the past 60 days. The estimated figure indicates 1.7% growth from $1.81 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $4.25 billion, suggesting 4.2% growth from the year-ago quarter’s reported figure of $4.08 billion.