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.