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Jacobs (J) Wins Contracts With NASA and UK Ministry of Defence
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Jacobs Solutions Inc. (J - Free Report) , renowned for its adept project execution, clinched two significant contracts, underscoring its prowess in environmental engineering and cybersecurity solutions. One venture, in collaboration with Geosyntec, is set to bolster NASA's operations, offering sustainable solutions across various centers. Another places Jacobs as a prime supplier for cyber defense to the UK Ministry of Defence (MOD), amplifying its role in safeguarding critical systems. These contracts not only affirm Jacobs' technical acumen but also promise substantial growth opportunities.
In a strategic move, Jacobs joins forces with Geosyntec to cater to NASA's environmental needs, leveraging its four-decade-long partnership. Under a five-year contract, Jacobs will provide a range of services, from contamination detection to long-term management, emphasizing sustainability and compliance. This collaboration not only solidifies Jacobs' standing as a technology-enabled solutions provider but also reaffirms its commitment to environmental stewardship.
Simultaneously, Jacobs secures a prime position under the UK MOD's Digital and IT Professional Services Framework, particularly in the realm of cybersecurity. This framework, valued at $1.52 billion, extends until November 2027, presenting ample opportunities for Jacobs to exhibit its technical prowess. As part of Lot 3 - Cyber Security, Jacobs will offer comprehensive technical delivery capabilities and strategic insights, aiding MOD in executing complex digital initiatives.
These contracts signify more than just business transactions for Jacobs; they mark milestones in the company's journey toward innovation and excellence. With its track record of efficient project execution and a commitment to technological advancement, Jacobs is poised to thrive in an increasingly competitive landscape.
Contact Wins & Solid Backlog Level: A Boon
The solid project execution efforts are supported by its ongoing backlog growth. At the fiscal first-quarter end, the company reported a backlog of $29.6 billion, up 4.7% year over year. This reflects persistent solid demand for Jacobs' consulting services. Of this backlog, People & Places Solutions’ backlog was $17.86 billion in the fiscal first quarter compared with $17.24 billion in the year-ago period. The Divergent Solutions segment’s backlog was $3.11 billion, up from $3.08 billion a year ago.
Image Source: Zacks Investment Research
J’s shares have gained 7.4% in the past three months compared with the Zacks Technology Services industry’s 7% growth. Earnings per share (EPS) estimates for fiscal 2024 have moved north to $8.07 from $8.06 over the past 30 days, depicting analysts’ optimism over the company’s prospects. The estimated figure showcased 12.1% year-over-year growth.
Zacks Rank & Key Picks
Jacobs currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Business Services sector.
DUOL has a trailing four-quarter earnings surprise of 111.5%, on average. The Zacks Consensus Estimate for DUOL’s 2024 sales and EPS indicates growth of 36.5% and 294.3%, respectively, from the year-ago period’s reported levels.
SPX Technologies, Inc. (SPXC - Free Report) presently flaunts a Zacks Rank of 1. SPXC has a trailing four-quarter earnings surprise of 23.2%, on average. The stock has gained 15.4% in the past three months.
The Zacks Consensus Estimate for SPXC’s 2024 sales and EPS indicates 13.1% and 16.7% increases from the year-ago period’s reported levels.
Byrna Technologies Inc. (BYRN - Free Report) currently sports a Zacks Rank of 1. BYRN has a trailing four-quarter earnings surprise of 24.2%, on average. The stock has surged 97.7% in the past three months.
The Zacks Consensus Estimate for BYRN’s 2024 sales and EPS suggests increases of 48.5% and 22.2%, respectively, from the year-ago period’s reported levels.
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Jacobs (J) Wins Contracts With NASA and UK Ministry of Defence
Jacobs Solutions Inc. (J - Free Report) , renowned for its adept project execution, clinched two significant contracts, underscoring its prowess in environmental engineering and cybersecurity solutions. One venture, in collaboration with Geosyntec, is set to bolster NASA's operations, offering sustainable solutions across various centers. Another places Jacobs as a prime supplier for cyber defense to the UK Ministry of Defence (MOD), amplifying its role in safeguarding critical systems. These contracts not only affirm Jacobs' technical acumen but also promise substantial growth opportunities.
In a strategic move, Jacobs joins forces with Geosyntec to cater to NASA's environmental needs, leveraging its four-decade-long partnership. Under a five-year contract, Jacobs will provide a range of services, from contamination detection to long-term management, emphasizing sustainability and compliance. This collaboration not only solidifies Jacobs' standing as a technology-enabled solutions provider but also reaffirms its commitment to environmental stewardship.
Simultaneously, Jacobs secures a prime position under the UK MOD's Digital and IT Professional Services Framework, particularly in the realm of cybersecurity. This framework, valued at $1.52 billion, extends until November 2027, presenting ample opportunities for Jacobs to exhibit its technical prowess. As part of Lot 3 - Cyber Security, Jacobs will offer comprehensive technical delivery capabilities and strategic insights, aiding MOD in executing complex digital initiatives.
These contracts signify more than just business transactions for Jacobs; they mark milestones in the company's journey toward innovation and excellence. With its track record of efficient project execution and a commitment to technological advancement, Jacobs is poised to thrive in an increasingly competitive landscape.
Contact Wins & Solid Backlog Level: A Boon
The solid project execution efforts are supported by its ongoing backlog growth. At the fiscal first-quarter end, the company reported a backlog of $29.6 billion, up 4.7% year over year. This reflects persistent solid demand for Jacobs' consulting services. Of this backlog, People & Places Solutions’ backlog was $17.86 billion in the fiscal first quarter compared with $17.24 billion in the year-ago period. The Divergent Solutions segment’s backlog was $3.11 billion, up from $3.08 billion a year ago.
Image Source: Zacks Investment Research
J’s shares have gained 7.4% in the past three months compared with the Zacks Technology Services industry’s 7% growth. Earnings per share (EPS) estimates for fiscal 2024 have moved north to $8.07 from $8.06 over the past 30 days, depicting analysts’ optimism over the company’s prospects. The estimated figure showcased 12.1% year-over-year growth.
Zacks Rank & Key Picks
Jacobs currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Business Services sector.
Duolingo, Inc. (DUOL - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The stock has rallied 58.1% in the past three months. You can see the complete list of today’s Zacks Rank #1 stocks here.
DUOL has a trailing four-quarter earnings surprise of 111.5%, on average. The Zacks Consensus Estimate for DUOL’s 2024 sales and EPS indicates growth of 36.5% and 294.3%, respectively, from the year-ago period’s reported levels.
SPX Technologies, Inc. (SPXC - Free Report) presently flaunts a Zacks Rank of 1. SPXC has a trailing four-quarter earnings surprise of 23.2%, on average. The stock has gained 15.4% in the past three months.
The Zacks Consensus Estimate for SPXC’s 2024 sales and EPS indicates 13.1% and 16.7% increases from the year-ago period’s reported levels.
Byrna Technologies Inc. (BYRN - Free Report) currently sports a Zacks Rank of 1. BYRN has a trailing four-quarter earnings surprise of 24.2%, on average. The stock has surged 97.7% in the past three months.
The Zacks Consensus Estimate for BYRN’s 2024 sales and EPS suggests increases of 48.5% and 22.2%, respectively, from the year-ago period’s reported levels.