Back to top

Analyst Blog

On Nov 5, Zacks Investment Research upgraded Stantec Inc. (STN - Snapshot Report) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

Stantec has been witnessing rising earnings estimates on the back of strong third-quarter 2013 results.

Stantec reported third-quarter 2013 (ended Sep 30) results on Oct 31. Earnings per share came in at 98 cents, surpassing the Zacks Consensus Estimate of 78 cents and the year-ago figure of 74 cents.

Earnings were primarily aided by top-line growth of 21.3% and increased activity in the company’s environmental services, industrial as well as transportation sectors. The environmental services and industrial service businesses benefited from a strong end market. Strong momentum in the oil and gas sector enabled the company to win several projects for major pipelines and associated facilities across Canada.

Most of the estimates for 2013 and 2014 were revised higher on the back of strong third-quarter results. The Zacks Consensus Estimate for 2013 increased 6.3 % to $3.02 from $2.84 per share due to higher estimates revision over the last 7 days. Additionally, for 2014, analysts modified their predictions over the past week, and lifted the Zacks Consensus Estimate to $3.40 per share from $3.22.

Moreover, this well-known technical services firm delivered positive earnings surprises in 3 of the last 4 quarters with average earnings beat of 12.23%. The long-term expected earnings growth rate for this stock is currently pegged at 18%.     

Other Stocks to Consider

The following business service firms are performing well and also have a favorable Zacks Rank:

1)      CoreLogic, Inc. (CLGX - Snapshot Report) which has a Zacks Rank #1 (Strong Buy)

2)      Corporate Executive Board Co. (CEB - Snapshot Report) which carries a Zacks Rank #2 (Buy)

3)      Exponent Inc. (EXPO - Snapshot Report) which holds a Zacks Rank #2 (Buy)

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%