Jacobs (J) Tops Q2 EPS by 38c, Updates Guidance

Jacobs (NYSE: J) reported Q2 EPS of $1.75, $0.38 better than the analyst estimate of $1.37. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.48 billion.

GUIDANCE:

Jacobs sees FY2021 EPS of $6.00-$6.30, versus the consensus of $5.89.

• The company now expects fiscal 2021 adjusted EBITDA of $1,200 million to $1,270 million and adjusted EPS of $6.00 to $6.30 from its previous outlook of adjusted EBITDA of $1,075 million to $1,155 million and adjusted EPS of $5.30 to $6.00.3
• Fiscal 2021 outlook includes $0.32 to $0.34 in adjusted EPS from PA Consulting net of 35% non-controlling interest and incremental interest costs required to fund the company's investment consideration, which closed March 2, 2021.

For earnings history and earnings-related data on Jacobs (J) click here.

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