While reporting financial results for the third quarter on Monday, professional services provider Jacobs Engineering Group Inc. (JEC) raised its adjusted earnings outlook for the full-year 2021, reflecting continued strong year-to date results.
For fiscal 2021, the company now projects adjusted earnings in a range of $6.15 to $6.35 per share, up from the prior guidance range of $6.00 to $6.30 per share.
On average, 16 analysts polled by Thomson Reuters expect the company to report earnings of $6.19 per share for the year. Analysts' estimates typically exclude special items.
The company is also increasing the expected adjusted earnings per share net accretion from PA Consulting to $0.35 to $0.37 from $0.32 to $0.34.
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