Jacobs Solutions Q3 EPS $1.82 Misses $1.84 Estimate, Sales $4.20B Beat $4.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jacobs Solutions (NYSE:J) reported Q3 earnings of $1.82 per share, missing the analyst consensus estimate of $1.84 by 1.09%. This is a 2.15% decrease from the same period last year. However, the company reported quarterly sales of $4.20 billion, beating the analyst consensus estimate of $4.05 billion by 3.70%. This is a 9.75% increase from the same period last year.
August 08, 2023 | 10:43 am
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NEUTRAL IMPACT
Jacobs Solutions reported lower than expected Q3 earnings but higher than expected sales.
While the company's earnings per share fell short of estimates, the higher than expected sales could offset the negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100