Jacobs Reports Fiscal Fourth Quarter and Fiscal Year 2023 Earnings
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Jacobs (J) cut at Raymond James on execution risk
November 22, 2023 10:31 AM ESTRaymond James analyst Brian Gesuale downgraded the shares of Jacobs (NYSE: J) to Market Perform from Outperform, removing its price target on the stock.
Gesuale told investors in a note that they are downgrading the stock due to the execution risk, adding that the extended payoff outweighs the core business strength.
"We are reducing our rating on J to Market Perform given an increased execution risk with the Reverse Morris... More
Jacobs (J) Misses Q4 EPS by 13c, Tops on Revenue; Offers Guidance
November 21, 2023 6:41 AM ESTJacobs (NYSE: J) reported Q4 EPS of $1.90, $0.13 worse than the analyst estimate of $2.03. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.21 billion.
The Company\'s outlook for fiscal 2024 adjusted EBITDA is $1,530M to $1,600M and adjusted EPS of $7.70 to $8.20,... More
