According to the Zacks Industry classification, Engineering Stocks is broadly grouped under Construction, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the Apr–Jun 2016 quarter.
As of Aug 5, roughly 92.3% of Construction stocks in the S&P 500 Group reported results for the April–June quarter, recording 9.5% increase in earnings and 6.2% growth in revenue. Considering the results of all Construction stocks in the S&P 500 Group, earnings for the sector are predicted to increase 7.3%, while revenue will grow 5.1%.
What’s in Store for 2 Engineering Stocks, JEC, ACM, for Apr–Jun ‘16 Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) for two engineering stocks:
Jacobs Engineering Group Inc. : This engineering stock is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 9, before the market opens. In the four trailing quarters, the company reported better-than-expected results on all occasions with an average positive earnings surprise of 14.92%.
Our proven model does not conclusively show that Jacobs Engineering Group will be able to pull an earnings surprise this quarter. This is because the company lacks the right combination of two key ingredients — a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). The company currently carries a Zacks Rank #2 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.3% to 74 cents per share for the third quarter. (For more please read: Will Q3 Earnings Hold a Surprise for Jacobs Stock?)
AECOM (ACM - Free Report) : This engineering company is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 9. The company reported lower-than-expected results in two of the four trailing quarters, while posting better-than-expected results in two. Average earnings surprise was a positive 3.58%.
Our proven model does not conclusively show that AECOM will likely beat earnings this quarter because it currently carries a Zacks Rank #2 and 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.4% to 70 cents for the third quarter.
Stay tuned! Check back on our full write-up on earnings release of Jacobs Engineering Group.
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According to the Zacks Industry classification, Engineering Stocks is broadly grouped under Construction, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the Apr–Jun 2016 quarter.
As of Aug 5, roughly 92.3% of Construction stocks in the S&P 500 Group reported results for the April–June quarter, recording 9.5% increase in earnings and 6.2% growth in revenue. Considering the results of all Construction stocks in the S&P 500 Group, earnings for the sector are predicted to increase 7.3%, while revenue will grow 5.1%.
What’s in Store for 2 Engineering Stocks, JEC, ACM, for Apr–Jun ‘16 Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) for two engineering stocks:
Jacobs Engineering Group Inc. : This engineering stock is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 9, before the market opens. In the four trailing quarters, the company reported better-than-expected results on all occasions with an average positive earnings surprise of 14.92%.
Our proven model does not conclusively show that Jacobs Engineering Group will be able to pull an earnings surprise this quarter. This is because the company lacks the right combination of two key ingredients — a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). The company currently carries a Zacks Rank #2 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.3% to 74 cents per share for the third quarter. (For more please read: Will Q3 Earnings Hold a Surprise for Jacobs Stock?)
AECOM (ACM - Free Report) : This engineering company is slated to release its third-quarter fiscal 2016 (ended Jun 2016) results on Aug 9. The company reported lower-than-expected results in two of the four trailing quarters, while posting better-than-expected results in two. Average earnings surprise was a positive 3.58%.
Our proven model does not conclusively show that AECOM will likely beat earnings this quarter because it currently carries a Zacks Rank #2 and 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 1.4% to 70 cents for the third quarter.
Stay tuned! Check back on our full write-up on earnings release of Jacobs Engineering Group.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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