Engineering Services Company Jacobs Solutions Tightens FY24 EPS Forecast: Details Here
Portfolio Pulse from Lekha Gupta
Jacobs Solutions Inc. (NYSE:J) reported strong Q3 FY24 results, with revenue of $4.23 billion beating expectations and adjusted EPS of $1.96 meeting consensus. The company highlighted significant strides in portfolio optimization and strong bookings and backlog. Jacobs reiterated its FY24 adjusted EBITDA outlook and slightly revised its adjusted EPS outlook. Investors can gain exposure to Jacobs through Tidal ETF Trust Newday Ocean Health ETF (NYSE:AHOY) and Valued Advisers Trust Kovitz Core Equity ETF (NYSE:EQTY).
August 06, 2024 | 2:20 pm
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POSITIVE IMPACT
Investors can gain exposure to Jacobs Solutions through Tidal ETF Trust Newday Ocean Health ETF (NYSE:AHOY).
As Jacobs Solutions' stock rises, ETFs holding the stock, such as AHOY, are likely to benefit. The positive earnings report and outlook for Jacobs should have a favorable impact on AHOY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Jacobs Solutions through Valued Advisers Trust Kovitz Core Equity ETF (NYSE:EQTY).
As Jacobs Solutions' stock rises, ETFs holding the stock, such as EQTY, are likely to benefit. The positive earnings report and outlook for Jacobs should have a favorable impact on EQTY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Jacobs Solutions Inc. reported strong Q3 FY24 results, with revenue of $4.23 billion beating expectations and adjusted EPS of $1.96 meeting consensus. The company highlighted significant strides in portfolio optimization and strong bookings and backlog.
The strong Q3 results, including revenue beating expectations and a solid backlog, indicate positive momentum for Jacobs Solutions. The company's focus on high-growth sectors and operational excellence further supports a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100