Also reporting after Monday's close is S&P 500 component Jacobs Engineering (JEC). Jacobs provides design, engineering and architectural services to corporate and government clients. This is also a mid-cap, with a market capitalization of $6.7 billion. It trades about 1 million shares per day, and has a beta of 1.46. This chart, too, indicates some wide-and-loose trading patterns that undoubtedly vex many traders.
Jacobs has been in a correction since retreating from its March 28 high of $56.53. While momentum traders certainly would avoid this stock based on the technicals, the fundamentals merit a look. Analysts expect the company to report earnings per share of $0.83 on revenue of $2.93 billion, year-over-year increases on the top and bottom lines. The stock regained its 50-day line last week, and closed Friday at $51.65, 0.3%, above that key price line.
For the year, analysts expect earnings of $3.33 per share, a gain of 13% over 2012. Consensus estimates were recently lowered, but the stock nonetheless appears to have good potential, based on the fundamentals.
At the time of publication, Stalter held HTZ.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV