Jacobs Sees FY24 Adj. EBITDA $1.53B-$1.60B, Adj. EPS $7.70-$8.20 vs $8.40 Est.
Portfolio Pulse from Benzinga Newsdesk
Jacobs Engineering Group Inc. forecasts its FY24 adjusted EBITDA to be between $1.53 billion and $1.60 billion, with adjusted EPS ranging from $7.70 to $8.20, which is below the estimated $8.40.
November 21, 2023 | 11:45 am
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Jacobs Engineering Group Inc. (J) provided a lower-than-expected earnings forecast for FY24, with adjusted EPS projected to be below the consensus estimate.
The company's forecasted adjusted EPS is below the estimated $8.40, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100