After looking at Jacobs Engineering Group Inc.’s (NYSE:JEC) latest earnings update (28 December 2018), I found it helpful to revisit the company’s performance in the past couple of years and compare this against the latest numbers. As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. Also, comparing it against an industry benchmark to understand whether it outperformed, or is simply riding an industry wave, is an important aspect. In this article I briefly touch on my key findings.
Could JEC beat the long-term trend and outperform its industry?
JEC’s trailing twelve-month earnings (from 28 December 2018) of US$262m has jumped 33%