Jacobs Solutions Q1 gross revenue up 12.3%
Overview
Infrastructure solutions provider's fiscal Q1 gross revenue grew 12.3% yr/yr
Adjusted EPS for fiscal Q1 increased 15% yr/yr, beating analyst expectations
Company repurchased $252 mln of shares and announced 12.5% dividend increase
Outlook
Jacobs provides FY 2026 adjusted net revenue growth forecast to 6.5%-10%
Company announces FY 2026 adjusted EPS forecast to $6.95-$7.30
Jacobs raises FY 2026 free cash flow margin forecast to 7%-8.5%
Result Drivers
INFRASTRUCTURE & ADVANCED FACILITIES - Growth led by Life Sciences, Data Center, Semiconductor, Water, and Transportation sectors, per CEO Bob Pragada
PA CONSULTING - Revenue increased 16% y/y due to strong demand for digital consulting services
ASSET LIFECYCLE STRATEGY - Acquisition of remaining stake in PA Consulting to unlock full value, per CEO Bob Pragada
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Gross Revenue |
| $3.29 bln |
|
Q1 Adjusted EPS | Beat | $1.53 | $1.52 (13 Analysts) |
Q1 EPS |
| $1.11 |
|
Q1 Net Income |
| $125 mln |
|
Q1 Adjusted EBITDA | Beat | $302.60 mln | $299.22 mln (10 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Jacobs Solutions Inc is $156.00, about 14% above its February 2 closing price of $136.88
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nPn3qgyzla
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