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Jacobs (JEC) Secures 4-Year Deal from Heathrow Airport
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Jacobs Engineering Group Inc. received a four-year long contract from the Heathrow Airport Ltd of London, for offering engineering and planning services, required to sustainably expand the airport. The deal marks the second offer provided to Jacobs by the Heathrow Airport, which had earlier extended another contract to the company, for catering civil infrastructure and engineering services across the airport.
Post fiscal 2016 (Nov 22, 2016) earnings release, Jacobs’ stock recorded an average return of 19.06% – outperforming 3.77% returns provided by the S&P 500 index. Over the same time frame, the Zacks categorized Engineering/R&D Services industry boasts an average return of 20.65%.
The Zacks Rank #3 (Hold) stock is currently aimed at improving its performance by streamlining operations, reducing costs and managing working capital more efficiently. However, headwinds like unfavorable commodity and energy prices, along with a stronger U.S. dollar raise concerns.
Per the new four-year contract, Jacobs has joined Heathrow’s latest Integrated Design Team (‘IDT’), comprising seven design and aviation planning organizations. This team has been formed to develop expansion plans for the airport.
Jacobs would be supporting IDT with its premium planning, engineering and environmental services. In addition to this, the company would be supervising design activities for the highways, earthworks and airfield.
Stocks to Consider
Better-ranked stocks in the industry include Willdan Group, Inc. (WLDN - Free Report) , MasTec, Inc. (MTZ - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) .
Willdan Group, Inc. has an average positive earnings surprise of 18.72% for the last four quarters. It currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MasTec, Inc. currently carries a Zacks Rank #2 (Buy). The company’s average positive earnings surprise is 61.27% for the trailing four quarters.
Comfort Systems USA, Inc. currently has a Zacks Rank #2. The company’s average positive earnings surprise is 15.83% for the trailing four quarters.
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Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Jacobs (JEC) Secures 4-Year Deal from Heathrow Airport
Jacobs Engineering Group Inc. received a four-year long contract from the Heathrow Airport Ltd of London, for offering engineering and planning services, required to sustainably expand the airport. The deal marks the second offer provided to Jacobs by the Heathrow Airport, which had earlier extended another contract to the company, for catering civil infrastructure and engineering services across the airport.
Post fiscal 2016 (Nov 22, 2016) earnings release, Jacobs’ stock recorded an average return of 19.06% – outperforming 3.77% returns provided by the S&P 500 index. Over the same time frame, the Zacks categorized Engineering/R&D Services industry boasts an average return of 20.65%.
The Zacks Rank #3 (Hold) stock is currently aimed at improving its performance by streamlining operations, reducing costs and managing working capital more efficiently. However, headwinds like unfavorable commodity and energy prices, along with a stronger U.S. dollar raise concerns.
Per the new four-year contract, Jacobs has joined Heathrow’s latest Integrated Design Team (‘IDT’), comprising seven design and aviation planning organizations. This team has been formed to develop expansion plans for the airport.
Jacobs would be supporting IDT with its premium planning, engineering and environmental services. In addition to this, the company would be supervising design activities for the highways, earthworks and airfield.
Stocks to Consider
Better-ranked stocks in the industry include Willdan Group, Inc. (WLDN - Free Report) , MasTec, Inc. (MTZ - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) .
Willdan Group, Inc. has an average positive earnings surprise of 18.72% for the last four quarters. It currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MasTec, Inc. currently carries a Zacks Rank #2 (Buy). The company’s average positive earnings surprise is 61.27% for the trailing four quarters.
Comfort Systems USA, Inc. currently has a Zacks Rank #2. The company’s average positive earnings surprise is 15.83% for the trailing four quarters.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>