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.
Jacobs (J) Secures $53M PMR Framework Contract From EDF
Read MoreHide Full Article
Jacobs Solutions Inc. (J - Free Report) has been awarded the Project Management Resources (PMR) framework contract with EDF Nuclear Generation to support its eight nuclear power stations. These nuclear power stations contribute about 16% of the U.K.'s electricity output.
Per the contract, Jacobs will oversee operations at four Advanced Gas-cooled Reactor (AGR) stations. The company will manage the transition from generation to defueling at three other AGR stations and handle the operation and life extension program for the Sizewell B pressurized water reactor. The new two-year contract, starting on Jan 1, 2024, is valued at more than $53 million, according to EDF's estimates.
The company's commitment supports the U.K.'s nuclear power fleet, providing sustainable, emission-free energy to communities. Jacobs will assist EDF in maximizing generation from national assets, ensuring energy security and aiding the goal of achieving net-zero carbon by 2050.
Strong Backlog
Jacobs has been witnessing a surge in demand for its consulting services across diverse sectors, encompassing infrastructure, water management, environmental solutions, space exploration, broadband, cybersecurity and life sciences.
A testament to this success is the robust backlog level, which stood at $28.9 billion at the end of the third quarter of fiscal 2023. This marks a 2.9% increase from the previous year’s levels. Within this backlog, the Critical Mission Solutions segment contributed $8.097 billion. People and Places Solutions segment contributed $17.5 billion during the third quarter of fiscal 2023.
Image Source: Zacks Investment Research
In the past year, shares of Jacobs have gained 14% compared with the industry’s 30.5% rise. Although the company has underperformed the industry, infrastructure modernization, the shift toward sustainable energy, national security imperatives and the potential for a super-cycle in global supply-chain investments are expected to boost its performance in the upcoming periods.
TriNet currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. TNET delivered a four-quarter average earnings surprise of 77.4%. The company’s shares have risen 59.5% in the past year.
The Zacks Consensus Estimate for TNET’s 2023 sales indicates a decline of 2.7% but earnings per share (EPS) indicates a rise of 4%, respectively, from the prior-year reported figures.
DocuSign currently flaunts a Zacks Rank of #2 (Buy). DOCU has a four-quarter average earnings surprise of 27.1%. The stock has risen 3.2% in the past year.
The Zacks Consensus Estimate for DOCU’s 2024 sales and EPS indicates growth of 8.6% and 29.1%, respectively, from the prior-year reported figures.
SPX Technologies currently sports a Zacks Rank of #2. SPXC has a trailing four-quarter earnings surprise of 33.5% on average. Shares of the company have increased 20.3% in the past year.
The Zacks Consensus Estimate for SPXC’s fiscal 2023 sales and EPS indicates a rise of 20% and 38.7%, respectively, from the year-ago reported levels.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Jacobs (J) Secures $53M PMR Framework Contract From EDF
Jacobs Solutions Inc. (J - Free Report) has been awarded the Project Management Resources (PMR) framework contract with EDF Nuclear Generation to support its eight nuclear power stations. These nuclear power stations contribute about 16% of the U.K.'s electricity output.
Per the contract, Jacobs will oversee operations at four Advanced Gas-cooled Reactor (AGR) stations. The company will manage the transition from generation to defueling at three other AGR stations and handle the operation and life extension program for the Sizewell B pressurized water reactor. The new two-year contract, starting on Jan 1, 2024, is valued at more than $53 million, according to EDF's estimates.
The company's commitment supports the U.K.'s nuclear power fleet, providing sustainable, emission-free energy to communities. Jacobs will assist EDF in maximizing generation from national assets, ensuring energy security and aiding the goal of achieving net-zero carbon by 2050.
Strong Backlog
Jacobs has been witnessing a surge in demand for its consulting services across diverse sectors, encompassing infrastructure, water management, environmental solutions, space exploration, broadband, cybersecurity and life sciences.
A testament to this success is the robust backlog level, which stood at $28.9 billion at the end of the third quarter of fiscal 2023. This marks a 2.9% increase from the previous year’s levels. Within this backlog, the Critical Mission Solutions segment contributed $8.097 billion. People and Places Solutions segment contributed $17.5 billion during the third quarter of fiscal 2023.
Image Source: Zacks Investment Research
In the past year, shares of Jacobs have gained 14% compared with the industry’s 30.5% rise. Although the company has underperformed the industry, infrastructure modernization, the shift toward sustainable energy, national security imperatives and the potential for a super-cycle in global supply-chain investments are expected to boost its performance in the upcoming periods.
Zacks Rank & Key Picks
Jacobs currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Zacks Business Services sector are TriNet Group, Inc. (TNET - Free Report) , DocuSign, Inc. (DOCU - Free Report) and SPX Technologies, Inc. (SPXC - Free Report) .
TriNet currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. TNET delivered a four-quarter average earnings surprise of 77.4%. The company’s shares have risen 59.5% in the past year.
The Zacks Consensus Estimate for TNET’s 2023 sales indicates a decline of 2.7% but earnings per share (EPS) indicates a rise of 4%, respectively, from the prior-year reported figures.
DocuSign currently flaunts a Zacks Rank of #2 (Buy). DOCU has a four-quarter average earnings surprise of 27.1%. The stock has risen 3.2% in the past year.
The Zacks Consensus Estimate for DOCU’s 2024 sales and EPS indicates growth of 8.6% and 29.1%, respectively, from the prior-year reported figures.
SPX Technologies currently sports a Zacks Rank of #2. SPXC has a trailing four-quarter earnings surprise of 33.5% on average. Shares of the company have increased 20.3% in the past year.
The Zacks Consensus Estimate for SPXC’s fiscal 2023 sales and EPS indicates a rise of 20% and 38.7%, respectively, from the year-ago reported levels.