Shares in engineering consultant Jacobs Engineering Group (NYSE: JEC )
have declined more than 26% this year, as of this writing. Such a
result is hardly surprising, given that EPS guidance has been
significantly lowered this year. At the start of the year, analysts were
predicting 2014 EPS to reach $3.66, but today that forecast stands at
$3.29. What happened to the company this year, and will this be an
ongoing problem?
Jacobs needs customers to increase spending on processing. Source: Jacobs Engineering.
The company has been wrestling with two main issues this year:
READ THE FULL EQUITY RESEARCH ARTICLE LINKED HERE
Jacobs needs customers to increase spending on processing. Source: Jacobs Engineering.
Restructuring costs and tougher end-markets than previously expected
The company has been wrestling with two main issues this year:
READ THE FULL EQUITY RESEARCH ARTICLE LINKED HERE
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