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Jacobs Solutions (J) reported earnings 30 days ago. What's next for the stock?
Jacobs Solutions shows strong backlog growth and is nearing completion of a spin-off and merger, reinforcing my ‘Strong Buy' rating with a $170 price target. The spin-off of Critical Mission Solutions and Cyber & Intelligence Businesses will allow J stock to focus on high-margin critical infrastructure and sustainability projects. Jacobs delivered 1% revenue growth and 5.9% backlog growth in Q3, with strong future growth expected in the People and Places Solutions and PA consulting segments.
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Jacobs Solutions is a specialty manufacturing company operating across a variety of growth markets. Jacobs works closely with Eli Lilly, the pharmaceutical giant behind diabetes and chronic weight management medications Mounjaro and Zepbound.
Jacobs (J) is set to deliver a master plan and runway design to develop the King Salman International Airport in Riyadh, Saudi Arabia.
Jacobs (J) to enhance DC Streetcar with expanded operations, maintenance and engineering support.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Jacobs Solutions Inc. (NYSE:J ) Q3 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Ayan Banerjee - Senior Vice President of Investor Relations and Finance Bob Pragada - Chief Executive Officer Kevin Berryman - Special Adviser to Chief Executive Officer Venk Nathamuni - Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Andy Kaplowitz - Citigroup Steven Fisher - UBS Sabahat Khan - RBC Capital Markets Andy Wittmann - Baird Bert Subin - Stifel Jamie Cook - Truist Securities Sangita Jain - KeyBanc Capital Markets Chad Dillard - Bernstein Jerry Revich - Goldman Sachs Louie DiPalma - William Blair Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.
Jacobs' (J) fiscal third-quarter 2024 results reflect broad-based strength in global infrastructure and sustainability investment.
The headline numbers for Jacobs Solutions (J) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.