
Jacobs Solutions Inc. reported its fourth-quarter fiscal 2024 results, revealing earnings per share (EPS) of $1.37, which fell short of analysts' expectations. The company achieved revenues of $3.00 billion, surpassing consensus estimates of $2.96 billion, driven by strong demand for its consulting services. Despite the positive revenue figures, Jacobs provided a cautious outlook for fiscal year 2025, which has resulted in a decline in trading activity. The company's net income for the quarter was reported at $309 million, and its backlog increased by 22.5% to $21.85 billion, with a trailing twelve months (TTM) book-to-bill ratio of 1.35. Following the earnings announcement, Jacobs Solutions shares saw a premarket increase of 2.02%.
Jacobs Solutions Inc. shares up 2.02% premarket on strong quarterly revenue. $J
Jacobs Solutions, $J, Q4 FY2024 Results: š Adj EPS: $1.37 š¢ š° Revenue: $3.00B š“ š Net Income: $309M š Backlog grew to $21.85B (+22.50%), with a TTM book-to-bill ratio of 1.35x. https://t.co/xkvgZtKIwV
Jacobs Solutions reports fourth-quarter revenue beating consensus at $2.96 billion, while earnings per share miss at $1.37. The company also provides a muted outlook for FY25, leading to lower trading activity.
