Jacobs Solutions Inc
J: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$259.00 | Lzvc | Plrytpnp |
Jacobs Earnings: Growing Backlog Gives Us Confidence the Firm Can Maintain Solid Momentum
Jacobs posted solid fiscal first-quarter results, featuring a 28% year-over-year increase in adjusted EPS, from $1.57 to $2.02. While nothing in the earnings release materially alters our long-term thesis, we’ve raised our fair value estimate to $157 from $154, mostly due to time value of money. We see the name as modestly undervalued at current levels, with shares trading at a roughly 11% discount to our updated fair value estimate.