Jacobs Solutions Inc. (J) is gearing up to report fourth quarter earnings before the market opens on Thursday, November 20th, and Wall Street's most accurate analysts have been busy adjusting their expectations.
The Dallas-based engineering and consulting firm is expected to post earnings of $1.68 per share, marking a solid jump from the $1.37 per share reported in the same quarter last year. On the revenue side, analysts are looking for $3.14 billion, which would represent growth from the $2.96 billion recorded a year earlier.
What the Top Forecasters Are Saying
Several high-accuracy analysts have weighed in recently with updated ratings and price targets. Here's what the firms with the strongest track records have been saying about Jacobs Solutions:
Citigroup's Andrew Kaplowitz, who boasts an 82% accuracy rate, maintained his Buy rating on October 20th while bumping his price target from $169 to $185. That's the most bullish call among the group.
Keybanc analyst Sangita Jain, with a 72% accuracy rate, also stuck with an Overweight rating and raised her target from $157 to $170 on the same day. Meanwhile, Truist Securities' Jamie Cook maintained a more cautious Hold rating but still increased his price target from $148 to $163 on October 8th. Cook also has a 72% accuracy rate.
UBS analyst Steven Fisher, accurate 71% of the time, kept his Buy rating and lifted his target from $152 to $166 back on August 6th. RBC Capital's Sabahat Khan, with a 60% accuracy rate, maintained an Outperform rating and raised his target from $152 to $154 on May 7th.
Recent Company Developments
In other company news, Jacobs Solutions announced on November 18th that Diane Bryant has been appointed to its Board of Directors, adding fresh leadership perspective ahead of the earnings release.
The stock hasn't been having the best week, though. Shares dropped 3.8% on Wednesday to close at $145.05, putting the current price well below even the most conservative of those recently raised price targets.
With earnings just around the corner, investors will be watching to see whether the company can deliver results that justify the analyst community's optimistic outlook. The consensus suggests healthy year-over-year growth on both the top and bottom lines, which would be welcome news for shareholders hoping the stock can regain some momentum.