Goldman Sachs Maintains Neutral on Jacobs Engineering

Goldman Sachs is out with its report today on Jacobs Engineering JEC, maintaining Neutral. In a note to clients, Goldman Sachs writes, "JEC reported 3Q2011 EPS of $0.71 vs. GS/consensus of $0.67/$0.70. Management also maintained FY11 EPS guidance of $2.40-$2.80. We view this as a modestly positive result for JEC, as the company beat EPS expectations, maintained guidance, and reported a book-to-bill greater than or equal to 1.0 for the fourth consecutive quarter. While we view this result favorably, we believe the tone of the conference call at 11:00 a.m. ET tomorrow will likely dictate stock performance near-term." At the time of posting, shares of JEC were trading at $42.86, down 0.33% from Monday's close.