Jacobs Solutions Initiates FY23 Adj. EPS Outlook - Update

RTTNews | vor 1079 Tagen
Jacobs Solutions Initiates FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the fourth quarter on Monday, professional services provider Jacobs Solutions, Inc. (J) initiated its adjusted earnings guidance for the full-year 2023.

For fiscal 2023, the company now projects adjusted earnings in a range of $7.60 to $7.90 per share, based on fiscal 2022 average FX rates, and in a range of $7.20 to $7.50 per share, based on FX rates in early November.

The company also said the difference between these two scenarios on a net revenue basis is approximately $430 million.

On average, 15 analysts polled by Thomson Reuters expect the company to report earnings of $7.66 per share on revenues of $15.87 billion for the year. Analysts' estimates typically exclude special items.

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Jacobs, Palantir Technologies Expand Partnership

Jacobs, Palantir Technologies Expand Partnership

Jacobs Solutions, Inc. (J) and Palantir Technologies Inc. (PLTR) announced Wednesday an expansion of their partnership, focused on leveraging Palantir's AI capabilities to commercialize new AI solutions spanning critical infrastructure, advanced facilities, supply chain management and more.
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Jacobs Confirms Appointment Of Bob Pragada As New CEO

Jacobs Confirms Appointment Of Bob Pragada As New CEO

Following its leadership succession plan previously announced in September, Jacobs Solutions Inc. (J) confirmed on Tuesday that Bob Pragada has been appointed as Chief Executive Officer, effective January 24, 2023. He is expected to join the Company's Board of Directors upon certification of the results of its Annual Meeting later in the day.
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European stocks were sharply lower on Tuesday as mixed earnings, weak U.S. manufacturing data and cautious comments from Federal Reserve officials over the path of interest rates soured investors' appetite for riskier assets.
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The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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