Jacobs Reiterates 2023 Outlook: Seeas Adj. EBITDA $1.42B-$1.47B, Adj. EPS $7.25-$7.45 vs $7.35 Est.
Portfolio Pulse from Benzinga Newsdesk
Jacobs Engineering Group Inc. has reiterated its 2023 outlook, expecting an adjusted EBITDA of $1.42B-$1.47B and an adjusted EPS of $7.25-$7.45, compared to the estimated $7.35.
August 08, 2023 | 10:45 am
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NEUTRAL IMPACT
Jacobs Engineering Group's reaffirmed 2023 outlook is in line with estimates, which could stabilize investor confidence.
Jacobs Engineering Group's reaffirmed 2023 outlook aligns with the estimated EPS, indicating that the company's performance is on track. This could stabilize the stock price in the short term as it reduces uncertainty for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100