Jacobs Engineering (JEC) - Solid Earnings Report

Submitted By Trader Mark
Jacobs Engineering (JEC) with a solid report but some cutting back of the high end of 2009 estimates; no surprise there. The question will be when we get to 3rd and 4th quarter 2009 will "actual" be as high as 'the new high end' of estimates. It's all about backlog with these firms.

Technically the stock has broken below the 50 day moving average and the past few days has been stopped dead cold (intraday high) each time it touched it ($43ish) - might consider a short to hedge against my smallish long on this one.

Full report here

Construction services firm Jacobs Engineering Group Inc (JEC) posted a higher quarterly profit that beat analysts' estimates, helped by rise in field services revenue, but cut the upper end of its 2009 earnings outlook, citing market uncertainty. For the first quarter ended Dec. 31, 2008, the company reported earnings of $116.4 million, or 94 cents a share, compared with earnings of $98.4 million, or 79 cents a share in the year-ago period.
Revenue rose 24 percent to $3.23 billion. Field services revenue rose 33 percent to $1.7 billion. Analysts on average were expecting earnings of 89 cents a share, before items, on revenue of $3.12 billion, according to Reuters Estimates.

Guidance

For 2009, the company now expects to earn $3.55 to $3.90 a share, compared with its prior view of $3.55 to $4.05.

Backlog

At the end of the quarter, Jacobs Engineering's yet-to-be filled orders totaled $16 billion compared to $15 billion in the previous year. That includes the removal of about $840 million in revenue from its order backlog during the quarter after certain clients canceled projects.

Cash

Our balance sheet strengthened as our net cash reached $746 million.

So far cancellation still appear to be manageable... we'll see what Fluor (FLR) says on their report - these are the two bellweathers for infrastructure.

Long Jacobs Engineering Group in fund; no personal position

Did you like this article?

Login or register to post comments
Email this page
Reset vote
3 points

Mermaid Sash Satin Lace

Submitted by han on Fri, 03/05/2010 - 6:52am.

This article is very good.

Submitted by cheapmbt on Mon, 03/01/2010 - 7:36am.

This article is very good. And I like you very much!
The author was too kind.
Thank author sharing.At this is once!
Nike shox cheap nike shox shoes cheap nike shox
Authentic Products nike shox shoes provides all kinds ofnike shox r4 and shox nike mens nike Shox R4.
nike shox NZ in high quality but lowest prices possible from USA.
kids nike shox and
nike shox monster run
nike shox turbo

nike shox r4 and nike shox r5
We frequently update the styles of kids nike shox flame so please check back to choose your favourite shoes.

Life lies in sports.The mbt shoes wants to offer you great comfort while you doing sports.cheap mbt shoes is on sale now.The mbt lami shoes,mbt m.walk shoes,mbt chapa shoes,mbt sport shoes, mbt anti and cheap the anti-shoe is a good mbt shoes for you.You can enjor yourself here,uk retail mbt, retail mbt shoes
mbt m.walk shoes green,mbt lami shoes black and chapa mbt shoes brich waiting for you.

chenli

Porsche Design watches at

Submitted by ugg mbt on Tue, 02/23/2010 - 1:49pm.

Porsche Design watches at Watch Click,wholesale Burberry Handbags,wholesale rolex watches,Order for Porsche Design Dashboard,wholesale Nike Shox Shoes,mbt shoes,wholesale Dolce Gabbana Handbags,wholesale Louis Vuitton Handbags,Porsche Design Flat Six Automatic Chronograph watches at discounted price,wholesale ed hardy,wholesale rolex watches,Cheap price, High Quality,porsche design watches,wholesale jordan shoes,nike air max 2009,Provide the best after-sales service!

If you are looking for the

Submitted by Ecboots on Fri, 02/19/2010 - 10:23pm.

If you are looking for the top boots such as timberland boots sale,christian louboutin shoes, uggs on sale,puma shoes ,high quality, Quick shipment,Lowest price and Good service. Many people care their health.To have a good MBT shoes, will help reduce the anxious.when you see mbt shoes sale, you can find timberland boots sale, christian louboutin sale and puma shoes sale, no matter which you like, there are some other styles, like timberland 6 inch boots, ugg bailey button,ugg argyle knit boots,timberland boots mens,timberland roll top boots, mbt lami shoes.these shoes make you so fashion in cold winter. Also,you can take a look the designer handbags,such as gucci handbags,chanel handbags, Louis Vuitton Handbags and so on.

A lot Aof people are

Submitted by fanren on Fri, 02/05/2010 - 12:31pm.

A lot Aof people are familiar with the brand “MBT” but a lot among them don’t have clear idea of the functions of discount mbt shoes sale. As an advanced consuming commodity， let’s take a look at the prices of shop of discount mbt shoes. Without question, office workers and people who like going shopping can afford MBT Chapa sale . However, in terms of students who have no earning, it is comparatively difficult for them to afford a pair of MBT shoes unless they have wealthy parents. I’m sure most people bare this idea. In my opinion, mbt shoes sale are not necessarily expensive because a pair of shoes can be used for at least three years due to its solid structures. Therefore, in the long run, a pair of MBT shoes is not so expensive if we detach the expenditures to several years.MBT Chapa Gray Shoes are used in sports. A lot of professional athletes wear MBT Chapa Shoes to advance or cooperate with their trainings to prevent damages caused by sharp exercises. In addition, MBT Chapa can be used in daily life. It can train your muscles, burn calories, protect your joints and so on