Jacobs Engineering Group Inc. JECis scheduled to report second-quarter fiscal 2018 (ended March 2018) results on May 8, before the market opens.
The company pulled off an average positive earnings surprise of 11.40% over the last four quarters. Notably, Jacobs’ fiscal first-quarter 2018 adjusted earnings of 77 cents per share surpassed the Zacks Consensus Estimate of 67 cents.
Our proven model shows that the company will likely beat estimates in the quarter under review.
Why a Likely Positive Surprise?
Jacobs has the right combination of the two key ingredients.
Zacks ESP:Jacobs currently has an Earnings ESPof +0.34%. This is because the stock’s Zacks Consensus Estimate of 88 cents is a penny lower than the Most Accurate estimate.