Jacobs Solutions is set to announce its second-quarter earnings this Tuesday afternoon. The market expects revenue to grow 7.8% year on year, matching the 7% increase recorded in the same quarter last year. Analysts have largely maintained their estimates over the past 30 days, though the company has missed Wall Street revenue expectations multiple times in the last two years. Among peers, Booz Allen Hamilton reported a 4.2% revenue decline, missing estimates by 0.5%, while Ryan Specialty posted a 7.2% revenue increase, beating estimates by 5.3%. Jacobs Solutions shares have risen 5.3% over the past month, and the average analyst price target stands at $156.53 compared to the current share price of $136.36.
Jacobs Solutions Inc.Upcoming Q2 earnings report; estimates maintained, but past misses and mixed peer results create uncertainty
Booz Allen Hamilton HoldingReported 4.2% revenue decline, missing estimates by 0.5%
Ryan Specialty Group Holdings IncReported 7.2% revenue increase, beating estimates by 5.3%