Jacobs Solutions Q1 Adj. EPS $2.02 Beats $1.51 Estimate, Sales $4.20B Beat $3.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jacobs Solutions (NYSE:J) reported Q1 adjusted EPS of $2.02, surpassing the $1.51 estimate, a 33.77% beat. Sales reached $4.20B, exceeding the $3.70B estimate by 12.41%, marking a 9.48% increase from last year.
February 06, 2024 | 11:50 am
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Jacobs Solutions reported a significant beat on both earnings and sales estimates for Q1, with adjusted EPS at $2.02 and sales of $4.20B.
The substantial beat on both earnings per share and sales estimates indicates strong company performance and operational efficiency. This is likely to positively influence investor sentiment and could lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100