Shares of Jacobs Solutions (NYSE: J) plummeted 5.01% in pre-market trading on Thursday after the engineering services provider reported mixed fourth-quarter results that fell short of some key expectations. Despite beating earnings per share estimates, the company's lower net income and missed adjusted EBITDA target appeared to overshadow the positive aspects of the report.

Jacobs Solutions reported Q4 adjusted earnings of $1.75 per share, surpassing the analysts' expectations of $1.68. However, the company's adjusted EBITDA of $324 million fell short of the $329.1 million estimate. Revenue for the quarter came in at $3.15 billion, slightly below the reported $3.2 billion but up from $2.96 billion in the same period last year. More concerningly, net income from continuing operations dropped significantly to $138 million, or $1.05 per share, compared to $309.3 million, or $2.38 per share, in the previous year.

Despite the disappointing quarterly results, Jacobs Solutions provided an optimistic outlook for fiscal 2026. The company forecasts adjusted net revenue growth of 6% to 10% over fiscal 2025 and projects adjusted earnings per share to range from $6.90 to $7.30, which is above the analysts' consensus of $7.05. However, this positive guidance was not enough to offset investor concerns about the current quarter's performance, leading to the sharp decline in the stock price.