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Jacobs (J) to Support NTA BusConnects Cork Program in Ireland
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Jacobs Engineering Group Inc. (J - Free Report) has been selected as a consultant for the National Transport Authority’s (“NTA”) BusConnects Cork Sustainable Transport Corridors program. The program is planned to connect communities and enhance mobility in Ireland's second-largest city, Cork.
Per the deal, J will prepare the Environmental Impact Assessment Report and the Network and Information Security for each of the schemes' statutory planning advice services, construction strategy and transport assessment, which includes extensive modeling for design development.
It will support the preliminary business case preparation for the overall BusConnects Cork program. Meanwhile, J will also serve as one of the Engineering Design Consultants, providing advisory support as well as preparing the preliminary design report and planning permission application to go to Ireland's independent statutory body, An Bord Pleanala.
Impressively, Jacobs is also supporting the planning process for the NTA's BusConnects Dublin program.
Solid Project Execution to Drive Growth
J is witnessing a rising demand for infrastructure, water, environment, space, broadband, cybersecurity and life sciences consulting services. It has been ranked No.1 in Wastewater Treatment by Engineering News-Record to provide solutions that conserve water while optimizing utility operations through reduced energy consumption and carbon footprint.
It has also been creating smart and connected spaces and places to support diverse regeneration and development projects, like a feasibility study for Rikers Island and The Ellinikon development in Greece.
Particularly in Ireland, Jacobs has more than 1,200 employees serving sectors like Advanced Manufacturing, Infrastructure and Energy & Environment. Also, it has been working on projects like Irish Rail's East Coast Railway Infrastructure Protection Projects program – the largest coastal protection scheme in North-Western Europe, the WuXi Biologics Drug Substance Manufacturing Facility and Edwards Lifesciences Greenfield Manufacturing Facility.
Recently, the Cork County Council appointed J as the technical advisor for the M28 motorway project. The project involves linking the N40 South Ring Road to the Port of Cork in Ringaskiddy. Jacobs will provide consultancy services throughout the design, construction and closeout phases of the motorway.
Efficient project execution has been a key factor driving Jacobs’ performance over the last few quarters. At the fiscal 2023 end, the company reported a backlog of $29.1 billion, up 4.5% year over year. This reflects a persistent, solid demand for J's consulting services. The company is expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments.
Image Source: Zacks Investment Research
J’s shares have gained 6.4% in the past six months compared with the Zacks Technology Services industry’s 17.6% growth.
Earnings estimates for fiscal 2024 remained stable at $8.05 per share in the past 30 days. This suggests 11.8% year-over-year growth on 4.8% higher revenues.
Zacks Rank
Currently, Jacobs carries a Zacks Rank #4 (Sell).
3 Better-Ranked Construction Stocks Hogging the Limelight
Dream Finders Homes’ earnings per share (EPS) estimates for 2024 have increased to $2.81 from $2.62 over the past 60 days. This Jacksonville, FL-based homebuilder has been benefiting from the strategy of focusing on managing construction times and increasing inventory turnover.
PulteGroup, Inc. (PHM - Free Report) currently carries a Zacks Rank #2 (Buy). The company is benefiting from its operating model, which strategically aligns the production of build-to-order and quick-move-in homes with applicable demand across consumer groups.
PulteGroup’s EPS estimates for 2024 have increased to $11.37 from $11.30 over the past 60 days.
Howmet Aerospace, Inc. (HWM - Free Report) is a global manufacturer of engineered products serving the aerospace, defense and commercial transportation industries. The company is expected to benefit from higher aircraft production rates and the ease of supply chains in the transportation market.
Howmet Aerospace currently carries a Zacks Rank #2. HWM’s EPS estimates for 2024 have increased to $2.17 from $2.16 over the past 30 days.
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Jacobs (J) to Support NTA BusConnects Cork Program in Ireland
Jacobs Engineering Group Inc. (J - Free Report) has been selected as a consultant for the National Transport Authority’s (“NTA”) BusConnects Cork Sustainable Transport Corridors program. The program is planned to connect communities and enhance mobility in Ireland's second-largest city, Cork.
Per the deal, J will prepare the Environmental Impact Assessment Report and the Network and Information Security for each of the schemes' statutory planning advice services, construction strategy and transport assessment, which includes extensive modeling for design development.
It will support the preliminary business case preparation for the overall BusConnects Cork program. Meanwhile, J will also serve as one of the Engineering Design Consultants, providing advisory support as well as preparing the preliminary design report and planning permission application to go to Ireland's independent statutory body, An Bord Pleanala.
Impressively, Jacobs is also supporting the planning process for the NTA's BusConnects Dublin program.
Solid Project Execution to Drive Growth
J is witnessing a rising demand for infrastructure, water, environment, space, broadband, cybersecurity and life sciences consulting services. It has been ranked No.1 in Wastewater Treatment by Engineering News-Record to provide solutions that conserve water while optimizing utility operations through reduced energy consumption and carbon footprint.
It has also been creating smart and connected spaces and places to support diverse regeneration and development projects, like a feasibility study for Rikers Island and The Ellinikon development in Greece.
Particularly in Ireland, Jacobs has more than 1,200 employees serving sectors like Advanced Manufacturing, Infrastructure and Energy & Environment. Also, it has been working on projects like Irish Rail's East Coast Railway Infrastructure Protection Projects program – the largest coastal protection scheme in North-Western Europe, the WuXi Biologics Drug Substance Manufacturing Facility and Edwards Lifesciences Greenfield Manufacturing Facility.
Recently, the Cork County Council appointed J as the technical advisor for the M28 motorway project. The project involves linking the N40 South Ring Road to the Port of Cork in Ringaskiddy. Jacobs will provide consultancy services throughout the design, construction and closeout phases of the motorway.
Efficient project execution has been a key factor driving Jacobs’ performance over the last few quarters. At the fiscal 2023 end, the company reported a backlog of $29.1 billion, up 4.5% year over year. This reflects a persistent, solid demand for J's consulting services. The company is expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments.
Image Source: Zacks Investment Research
J’s shares have gained 6.4% in the past six months compared with the Zacks Technology Services industry’s 17.6% growth.
Earnings estimates for fiscal 2024 remained stable at $8.05 per share in the past 30 days. This suggests 11.8% year-over-year growth on 4.8% higher revenues.
Zacks Rank
Currently, Jacobs carries a Zacks Rank #4 (Sell).
3 Better-Ranked Construction Stocks Hogging the Limelight
Dream Finders Homes, Inc. (DFH - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dream Finders Homes’ earnings per share (EPS) estimates for 2024 have increased to $2.81 from $2.62 over the past 60 days. This Jacksonville, FL-based homebuilder has been benefiting from the strategy of focusing on managing construction times and increasing inventory turnover.
PulteGroup, Inc. (PHM - Free Report) currently carries a Zacks Rank #2 (Buy). The company is benefiting from its operating model, which strategically aligns the production of build-to-order and quick-move-in homes with applicable demand across consumer groups.
PulteGroup’s EPS estimates for 2024 have increased to $11.37 from $11.30 over the past 60 days.
Howmet Aerospace, Inc. (HWM - Free Report) is a global manufacturer of engineered products serving the aerospace, defense and commercial transportation industries. The company is expected to benefit from higher aircraft production rates and the ease of supply chains in the transportation market.