We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On Jul 14, we issued an updated research report on premium technical services company, Jacobs Engineering Group Inc. .
Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.48%, as against 2.97% loss incurred by the Zacks categorized Engineering/R&D Services industry.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Vale Growth Momentum Style Score ‘A’.
Current Picture
Rise in construction spending in the U.S., as well as robust demand for building and infrastructure services in the Asian end markets are anticipated to bolster Jacobs’ revenues in the quarters ahead. Moreover, the company’s contract-based growth strategy will likely boost top- and bottom-line performances in the near term. For instance, over the last few months, Jacobs secured several contracts from renowned institutions and public-sector agencies like the U.S. Army, EQUATE Petrochemical Company, Florida's Turnpike Enterprise, Exxon Mobil Corporation (XOM) and Codelco. Notably, higher transportation spending of the government authorities of Australia, the UK and the U.S. has increased Jacobs’ contract winning opportunities.
However, the company noted that the challenging conditions prevailing in the oil and gas market might continue to weigh over its Petroleum & Chemicals segment’s performance.
In addition, we believe that headwinds such as stiff industry rivalry or adverse foreign currency translation impact might thwart the company’s growth, moving ahead.
Over the last 30 days, the Zacks Consensus Estimate for the stock remained unchanged for both fiscal 2017 and 2018, reflecting neutral sentiments.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
D.R. Horton, Inc. (DHI - Free Report) carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 4.03% for the trailing four quarters.
Eagle Materials Inc (EXP - Free Report) also holds a Zacks Rank #2 and has an average positive earnings surprise of 2.66% for the past four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Jacobs (JEC) Displays Solid Prospects Amid Macro Headwinds
On Jul 14, we issued an updated research report on premium technical services company, Jacobs Engineering Group Inc. .
Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.48%, as against 2.97% loss incurred by the Zacks categorized Engineering/R&D Services industry.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Vale Growth Momentum Style Score ‘A’.
Current Picture
Rise in construction spending in the U.S., as well as robust demand for building and infrastructure services in the Asian end markets are anticipated to bolster Jacobs’ revenues in the quarters ahead. Moreover, the company’s contract-based growth strategy will likely boost top- and bottom-line performances in the near term. For instance, over the last few months, Jacobs secured several contracts from renowned institutions and public-sector agencies like the U.S. Army, EQUATE Petrochemical Company, Florida's Turnpike Enterprise, Exxon Mobil Corporation (XOM) and Codelco. Notably, higher transportation spending of the government authorities of Australia, the UK and the U.S. has increased Jacobs’ contract winning opportunities.
However, the company noted that the challenging conditions prevailing in the oil and gas market might continue to weigh over its Petroleum & Chemicals segment’s performance.
In addition, we believe that headwinds such as stiff industry rivalry or adverse foreign currency translation impact might thwart the company’s growth, moving ahead.
Over the last 30 days, the Zacks Consensus Estimate for the stock remained unchanged for both fiscal 2017 and 2018, reflecting neutral sentiments.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
KB Home (KBH - Free Report) has an average positive earnings surprise of 12.47% for the last four quarters and currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
D.R. Horton, Inc. (DHI - Free Report) carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 4.03% for the trailing four quarters.
Eagle Materials Inc (EXP - Free Report) also holds a Zacks Rank #2 and has an average positive earnings surprise of 2.66% for the past four quarters.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>