The Gory Details of Jacobs Engineering Group's Earnings Miss
Jacobs Engineering Group (NYS: JEC) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q2), Jacobs Engineering Group missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Gross margins grew, operating margins dropped, net margins were steady.
Jacobs Engineering Group logged revenue of $2.70 billion. The 16 analysts polled by S&P Capital IQ expected to see net sales of $2.78 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $2.56 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.65. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.65 for Q2 were 3.2% higher than the prior-year quarter's $0.63 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.8%, 60 basis points better than the prior-year quarter. Operating margin was 4.9%, 20 basis points worse than the prior-year quarter. Net margin was 3.1%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $2.88 billion. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $11.23 billion. The average EPS estimate is $2.99.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 989 members out of 1,014 rating the stock outperform, and 25 members rating it underperform. Among 246 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 238 give Jacobs Engineering Group a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jacobs Engineering Group is outperform, with an average price target of $52.70.
- Add Jacobs Engineering Group to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.