Jacobs Solutions Hits 20-Day Low Amid Mixed Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
0mins
Should l Buy J?
Shares of Jacobs Solutions Inc. (J) fell 3.8% to close at $145.05, marking a new 20-day low as investors reacted to mixed earnings results. Despite a 6.6% year-over-year revenue increase to $3.15 billion, the company reported a significant 55.4% decline in GAAP net earnings, largely due to mark-to-market losses. The stock's technical breakdown signals increased bearish momentum, overshadowing the recently announced quarterly cash dividend of $0.32 per share and ongoing projects like the $1.6 billion CLEvolution at Cleveland Hopkins International Airport.
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Analyst Views on J
Wall Street analysts forecast J stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for J is 153.75 USD with a low forecast of 130.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 143.730
Low
130.00
Averages
153.75
High
180.00
Current: 143.730
Low
130.00
Averages
153.75
High
180.00
About J
Jacobs Solutions Inc. provides end-to-end services in advanced manufacturing, cities and places, energy, environmental, life sciences, transportation and water. The Company’s segments include Infrastructure and Advanced Facilities (I&AF) and PA Consulting. The I&AF segment provides end-to-end solutions for its client’s complex challenges related to climate change, energy transition, connected mobility, buildings and infrastructure, integrated water management and biopharmaceutical manufacturing. It uses data science and technology-enabled expertise to deliver outcomes for its clients and communities. Its clients include national, state and local governments in Europe, the Middle East, and others. The PA Consulting segment has a diverse mix of private and public sector clients. Private sector clients include global household names like Unilever, Microsoft, and Pret A Manger, and start-ups like PulPac, which converts plant fibers into sustainable packaging to reduce single-use plastic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enhancing Rail Capacity in Key US Corridor
- Project Management: Jacobs has been selected by the San Diego Association of Governments to manage the San Dieguito Lagoon Double Track and Special Events Platform project, aimed at enhancing capacity and reliability along the Los Angeles–San Diego–San Luis Obispo corridor, which is crucial for improving regional traffic conditions.
- Track Improvements: The project involves 2.1 miles of track enhancements, including a new double track to eliminate a major bottleneck between Solana Beach and Del Mar fairgrounds, which is expected to ease congestion and improve access during large-scale events.
- Infrastructure Upgrades: Additional upgrades include replacing the century-old San Dieguito Lagoon bridge to enhance climate resilience, as well as improvements to turnouts, signals, communications, and drainage systems, all aimed at boosting operational efficiency and ensuring more reliable service.
- Strategic Importance: Ranked No. 2 in Transportation, Jacobs generates approximately $12 billion in annual revenue with nearly 43,000 employees, and through comprehensive service offerings, it is committed to creating a more sustainable future and driving regional economic development.
See More
Jacobs Selected for Texas Coastal Storm Surge Barrier Design
- Project Scale: Jacobs has been selected to lead the design of a coastal storm surge barrier in Texas, expected to be one of the largest in the world, spanning Bolivar Roads and protecting over six million residents and $800 billion in regional assets.
- Strategic Investment: The project is backed by nearly $1 billion in state funding, representing the most ambitious coastal resiliency effort in U.S. history, aimed at enhancing Texas's resilience to extreme weather while ensuring the Houston Ship Channel remains operational for commerce.
- Ecological Protection and Economic Benefits: Beyond reducing storm damage risks, the project is expected to safeguard thousands of jobs tied to port and industrial activities and preserve sensitive ecosystems like wetlands and oyster reefs, promoting regional sustainability.
- Global Experience Application: Jacobs will leverage its experience from over 1,000 resilience projects worldwide, utilizing advanced digital modeling and operational planning to ensure the long-term reliability of the surge barrier, further solidifying the company's leadership in infrastructure.
See More
Jacobs Solutions Exceeds Q1 2026 Earnings Expectations
- Significant Earnings Growth: Jacobs Solutions reported an adjusted EPS of $1.53 for Q1 2026, reflecting a 15% year-over-year increase, alongside an 8% growth in net revenue, showcasing the company's strong performance and enhanced profitability in the market.
- Record Backlog: The company reported a backlog of $26.3 billion, up 21% year-over-year, which not only indicates robust market demand but also lays a solid foundation for future revenue growth, boosting investor confidence.
- Strategic Acquisition Progress: Jacobs announced the acquisition of the remaining stake in PA Consulting, expected to positively impact adjusted EPS within the next 12 months, with projected cost synergies of $16 million to $20 million, further advancing the company's strategic objectives.
- Optimistic Outlook: The company raised its fiscal year 2026 net revenue growth guidance to 6.5% to 10% and increased adjusted EPS guidance to a range of $6.95 to $7.30, reflecting management's confidence in future performance and a positive market outlook.
See More
Jacobs Engineering Q1 Results Exceed Expectations
- Earnings Beat: Jacobs reported adjusted earnings of $1.53 per share for Q1, surpassing analyst expectations of $1.50, indicating improved profitability and operational efficiency.
- Revenue Growth: The company achieved revenue of approximately $3.29 billion, exceeding Wall Street's consensus estimate of $3.09 billion, with a year-over-year increase of 12.3%, driven by strong performance in infrastructure and advanced facilities.
- Increased Backlog: Jacobs' backlog rose 21% year-over-year to $26.3 billion, demonstrating the company's success in securing new orders and enhancing future revenue visibility.
- Enhanced Shareholder Returns: The company repurchased $252 million of its shares during the quarter and announced a 12.5% increase in its quarterly dividend, reflecting a strong commitment to returning value to shareholders.
See More
Jacobs Engineering Q1 Earnings Exceed Expectations
- Earnings Beat: Jacobs Engineering reported a Q1 non-GAAP EPS of $1.53, beating estimates by $0.03, which reflects the company's strong market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $3.29 billion, a 12.3% year-over-year increase, surpassing market expectations by $200 million, indicating robust business expansion and strong market demand.
- Strong Backlog Growth: The backlog grew by 21% year-over-year with a TTM book-to-bill ratio of 1.4x, highlighting the company's strong potential for future projects and reinforcing its market position.
- Optimistic Outlook: Jacobs adjusted its fiscal 2026 outlook, projecting adjusted net revenue growth of 6.5% to 10.0% and raising free cash flow margin expectations to 7.0% to 8.5%, demonstrating sustained growth momentum and financial health.
See More
Jacobs Reports Strong Q1 Revenue Growth and Strategic Moves
- Significant Revenue Growth: Jacobs reported Q1 total revenue of $3.293 billion, reflecting a 12.3% year-over-year increase, with adjusted net revenue at $2.253 billion, up 8.2%, showcasing strong performance in Infrastructure and Advanced Facilities, particularly in life sciences and data center sectors.
- Robust Backlog Growth: The company’s backlog grew 21% year-over-year to $2.631 billion, with a trailing twelve-month book-to-bill ratio of 1.4, indicating sustainable future revenue and strong market demand, which enhances investor confidence.
- Strategic Share Repurchase: In Q1, Jacobs repurchased $252 million worth of shares and announced a 12.5% increase in quarterly dividends, which not only boosts earnings per share but also reflects the company’s confidence in future cash flows and commitment to shareholder returns.
- Optimistic Financial Outlook: The company raised its fiscal 2026 adjusted net revenue growth forecast to 6.5% to 10%, with adjusted EPS expected between $6.95 and $7.30, demonstrating management's positive outlook on future performance and further solidifying its market position.
See More
Enhancing Rail Capacity in Key US Corridor
- Project Management: Jacobs has been selected by the San Diego Association of Governments to manage the San Dieguito Lagoon Double Track and Special Events Platform project, aimed at enhancing capacity and reliability along the Los Angeles–San Diego–San Luis Obispo corridor, which is crucial for improving regional traffic conditions.
- Track Improvements: The project involves 2.1 miles of track enhancements, including a new double track to eliminate a major bottleneck between Solana Beach and Del Mar fairgrounds, which is expected to ease congestion and improve access during large-scale events.
- Infrastructure Upgrades: Additional upgrades include replacing the century-old San Dieguito Lagoon bridge to enhance climate resilience, as well as improvements to turnouts, signals, communications, and drainage systems, all aimed at boosting operational efficiency and ensuring more reliable service.
- Strategic Importance: Ranked No. 2 in Transportation, Jacobs generates approximately $12 billion in annual revenue with nearly 43,000 employees, and through comprehensive service offerings, it is committed to creating a more sustainable future and driving regional economic development.
See More
Jacobs Selected for Texas Coastal Storm Surge Barrier Design
- Project Scale: Jacobs has been selected to lead the design of a coastal storm surge barrier in Texas, expected to be one of the largest in the world, spanning Bolivar Roads and protecting over six million residents and $800 billion in regional assets.
- Strategic Investment: The project is backed by nearly $1 billion in state funding, representing the most ambitious coastal resiliency effort in U.S. history, aimed at enhancing Texas's resilience to extreme weather while ensuring the Houston Ship Channel remains operational for commerce.
- Ecological Protection and Economic Benefits: Beyond reducing storm damage risks, the project is expected to safeguard thousands of jobs tied to port and industrial activities and preserve sensitive ecosystems like wetlands and oyster reefs, promoting regional sustainability.
- Global Experience Application: Jacobs will leverage its experience from over 1,000 resilience projects worldwide, utilizing advanced digital modeling and operational planning to ensure the long-term reliability of the surge barrier, further solidifying the company's leadership in infrastructure.
See More
Jacobs Solutions Exceeds Q1 2026 Earnings Expectations
- Significant Earnings Growth: Jacobs Solutions reported an adjusted EPS of $1.53 for Q1 2026, reflecting a 15% year-over-year increase, alongside an 8% growth in net revenue, showcasing the company's strong performance and enhanced profitability in the market.
- Record Backlog: The company reported a backlog of $26.3 billion, up 21% year-over-year, which not only indicates robust market demand but also lays a solid foundation for future revenue growth, boosting investor confidence.
- Strategic Acquisition Progress: Jacobs announced the acquisition of the remaining stake in PA Consulting, expected to positively impact adjusted EPS within the next 12 months, with projected cost synergies of $16 million to $20 million, further advancing the company's strategic objectives.
- Optimistic Outlook: The company raised its fiscal year 2026 net revenue growth guidance to 6.5% to 10% and increased adjusted EPS guidance to a range of $6.95 to $7.30, reflecting management's confidence in future performance and a positive market outlook.
See More
Jacobs Engineering Q1 Results Exceed Expectations
- Earnings Beat: Jacobs reported adjusted earnings of $1.53 per share for Q1, surpassing analyst expectations of $1.50, indicating improved profitability and operational efficiency.
- Revenue Growth: The company achieved revenue of approximately $3.29 billion, exceeding Wall Street's consensus estimate of $3.09 billion, with a year-over-year increase of 12.3%, driven by strong performance in infrastructure and advanced facilities.
- Increased Backlog: Jacobs' backlog rose 21% year-over-year to $26.3 billion, demonstrating the company's success in securing new orders and enhancing future revenue visibility.
- Enhanced Shareholder Returns: The company repurchased $252 million of its shares during the quarter and announced a 12.5% increase in its quarterly dividend, reflecting a strong commitment to returning value to shareholders.
See More
Jacobs Engineering Q1 Earnings Exceed Expectations
- Earnings Beat: Jacobs Engineering reported a Q1 non-GAAP EPS of $1.53, beating estimates by $0.03, which reflects the company's strong market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $3.29 billion, a 12.3% year-over-year increase, surpassing market expectations by $200 million, indicating robust business expansion and strong market demand.
- Strong Backlog Growth: The backlog grew by 21% year-over-year with a TTM book-to-bill ratio of 1.4x, highlighting the company's strong potential for future projects and reinforcing its market position.
- Optimistic Outlook: Jacobs adjusted its fiscal 2026 outlook, projecting adjusted net revenue growth of 6.5% to 10.0% and raising free cash flow margin expectations to 7.0% to 8.5%, demonstrating sustained growth momentum and financial health.
See More
Jacobs Reports Strong Q1 Revenue Growth and Strategic Moves
- Significant Revenue Growth: Jacobs reported Q1 total revenue of $3.293 billion, reflecting a 12.3% year-over-year increase, with adjusted net revenue at $2.253 billion, up 8.2%, showcasing strong performance in Infrastructure and Advanced Facilities, particularly in life sciences and data center sectors.
- Robust Backlog Growth: The company’s backlog grew 21% year-over-year to $2.631 billion, with a trailing twelve-month book-to-bill ratio of 1.4, indicating sustainable future revenue and strong market demand, which enhances investor confidence.
- Strategic Share Repurchase: In Q1, Jacobs repurchased $252 million worth of shares and announced a 12.5% increase in quarterly dividends, which not only boosts earnings per share but also reflects the company’s confidence in future cash flows and commitment to shareholder returns.
- Optimistic Financial Outlook: The company raised its fiscal 2026 adjusted net revenue growth forecast to 6.5% to 10%, with adjusted EPS expected between $6.95 and $7.30, demonstrating management's positive outlook on future performance and further solidifying its market position.
See More
