Jacobs Engineering Group Inc. (NYSE: J) saw its stock plummet 5.01% in Tuesday's intraday trading, closing at $134.56, following its fiscal fourth-quarter earnings report and underwhelming profit outlook for the fiscal year 2025.
The engineering and construction company reported mixed results for the quarter ended September 30, 2024. While its revenue of $2.96 billion exceeded analysts' expectations, its adjusted earnings per share (EPS) of $1.37 missed the consensus estimate of $1.54 per share.
The primary factor driving the stock's decline appears to be Jacobs' disappointing fiscal 2025 profit guidance. The company forecasted adjusted EPS in the range of $5.80 to $6.20, significantly below analysts' consensus estimate of $6.65 per share. This outlook overshadowed the company's solid revenue growth and backlog expansion during the fourth quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.