We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 to Expand Backlog With Multi-Year Marselis Tunnel Project
Read MoreHide Full Article
Key Takeaways
Jacobs awarded design and management role for Denmark's Marselis Tunnel, slated to start in 2028.
The project will enhance urban mobility, sustainability, and economic growth in Aarhus.
Jacobs' consolidated backlog reached a record $22.7B in Q3 FY25, up 14.3% YoY.
Jacobs Solutions Inc. (J - Free Report) recently won a contract to provide comprehensive design and management services for the Marselis Tunnel, which is the core project of Denmark's Infrastructure Plan 2035. This multi-year project is being delivered by the Danish Road Directorate in Aarhus.
Building the tunnel would enhance vital infrastructure in metropolitan areas and stimulate economic growth. The project is expected to significantly enhance Jacobs’ infrastructure portfolio and positively impact its stock performance.
Shares of Jacobs gained 0.7% after hours yesterday.
Comprehensive Understanding of Jacobs’ New Project
Currently in the planning and design stage, the Marselis Tunnel project is anticipated to start building in 2028 near Aarhus, the location of the busiest commercial port in the nation. The tunnel, part of one of Denmark’s largest infrastructure undertakings, will help redirect heavy traffic away from central Aarhus for greener public areas, improving urban mobility and reducing congestion for both locals and tourists.
In collaboration with Ramboll over the course of 10 years, Jacobs will play a pivotal role in ensuring the Marselis Tunnel project meets key sustainability and safety goals. The company’s work scope will include delivering mechanical and electrical design and construction management services for the tunnel.
Jacobs' international background and methods for project optimization in providing creative, forward-thinking solutions are demonstrated by its leadership in this game-changing project. The company will assist Aarhus in creating a more robust, integrated and sustainable transportation network that promotes community development and economic progress by fusing sustainability-focused improvements with cutting-edge infrastructure design.
Jacobs’ Backlog Strength Supports Growth Trend
The demand for Jacobs' consulting services has grown as a result of its effective project execution in a number of industries, including life sciences, infrastructure, water, the environment, space, broadband and cybersecurity. This is demonstrated by the company's continuous contract wins.
In fiscal 2025, Jacobs secured major projects — such as the modernization of the Copenhagen Nordhavn tunnel, the transformation of VandCenter Syd’s Ejby Mølle plant into an energy-positive facility and strategic advisory — through a partnership with PA Consulting on the operation and maintenance of the Copenhagen Metro. Together, these initiatives highlight the company’s growing role in delivering future-ready infrastructure that supports economic growth, sustainability and community well-being worldwide.
At the end of the third quarter of fiscal 2025, consolidated backlog reached a new high of $22.7 billion, up 14.3% from the previous year, with a trailing 12-month book-to-bill ratio of 1.2x. A solid quarter for bookings is reflected in the 14% year-over-year growth in gross profit in backlog, which is a favorable indicator of the company's standing for the near and long term.
Image Source: Zacks Investment Research
Jacobs’ stock has gained 16.9% in the past three months, outperforming the Zacks Technology Services industry’s 16.1% growth. Despite the ongoing global market uncertainties, the company is expected to continue benefiting from strong trends in infrastructure modernization, energy transition and national security backed by government initiatives.
Healthcare Services Group presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 7.8%, on average. Healthcare Services Group stock has rallied 33.2% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Healthcare Services Group’s 2025 sales and earnings per share (EPS) indicates growth of 6.8% and 66%, respectively, from the year-ago period’s levels.
AppLovin sports a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 22.4%, on average. AppLovin stock has jumped 44.9% year to date.
The Zacks Consensus Estimate for AppLovin’s 2025 sales and EPS indicates growth of 16.7% and 97.6%, respectively, from the prior-year levels.
Coherent flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 16.6%, on average. Coherent stock has tumbled 3.3% year to date.
The Zacks Consensus Estimate for Coherent’s 2025 sales and EPS indicates growth of 9% and 29.2%, respectively, from the prior-year levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Jacobs to Expand Backlog With Multi-Year Marselis Tunnel Project
Key Takeaways
Jacobs Solutions Inc. (J - Free Report) recently won a contract to provide comprehensive design and management services for the Marselis Tunnel, which is the core project of Denmark's Infrastructure Plan 2035. This multi-year project is being delivered by the Danish Road Directorate in Aarhus.
Building the tunnel would enhance vital infrastructure in metropolitan areas and stimulate economic growth. The project is expected to significantly enhance Jacobs’ infrastructure portfolio and positively impact its stock performance.
Shares of Jacobs gained 0.7% after hours yesterday.
Comprehensive Understanding of Jacobs’ New Project
Currently in the planning and design stage, the Marselis Tunnel project is anticipated to start building in 2028 near Aarhus, the location of the busiest commercial port in the nation. The tunnel, part of one of Denmark’s largest infrastructure undertakings, will help redirect heavy traffic away from central Aarhus for greener public areas, improving urban mobility and reducing congestion for both locals and tourists.
In collaboration with Ramboll over the course of 10 years, Jacobs will play a pivotal role in ensuring the Marselis Tunnel project meets key sustainability and safety goals. The company’s work scope will include delivering mechanical and electrical design and construction management services for the tunnel.
Jacobs' international background and methods for project optimization in providing creative, forward-thinking solutions are demonstrated by its leadership in this game-changing project. The company will assist Aarhus in creating a more robust, integrated and sustainable transportation network that promotes community development and economic progress by fusing sustainability-focused improvements with cutting-edge infrastructure design.
Jacobs’ Backlog Strength Supports Growth Trend
The demand for Jacobs' consulting services has grown as a result of its effective project execution in a number of industries, including life sciences, infrastructure, water, the environment, space, broadband and cybersecurity. This is demonstrated by the company's continuous contract wins.
In fiscal 2025, Jacobs secured major projects — such as the modernization of the Copenhagen Nordhavn tunnel, the transformation of VandCenter Syd’s Ejby Mølle plant into an energy-positive facility and strategic advisory — through a partnership with PA Consulting on the operation and maintenance of the Copenhagen Metro. Together, these initiatives highlight the company’s growing role in delivering future-ready infrastructure that supports economic growth, sustainability and community well-being worldwide.
At the end of the third quarter of fiscal 2025, consolidated backlog reached a new high of $22.7 billion, up 14.3% from the previous year, with a trailing 12-month book-to-bill ratio of 1.2x. A solid quarter for bookings is reflected in the 14% year-over-year growth in gross profit in backlog, which is a favorable indicator of the company's standing for the near and long term.
Image Source: Zacks Investment Research
Jacobs’ stock has gained 16.9% in the past three months, outperforming the Zacks Technology Services industry’s 16.1% growth. Despite the ongoing global market uncertainties, the company is expected to continue benefiting from strong trends in infrastructure modernization, energy transition and national security backed by government initiatives.
J’s Zacks Rank & Key Picks
Jacobs currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Business-Services sector are Healthcare Services Group,inc. (HCSG - Free Report) , AppLovin Corporation (APP - Free Report) and Coherent Corp. (COHR - Free Report) .
Healthcare Services Group presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 7.8%, on average. Healthcare Services Group stock has rallied 33.2% year to date. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Healthcare Services Group’s 2025 sales and earnings per share (EPS) indicates growth of 6.8% and 66%, respectively, from the year-ago period’s levels.
AppLovin sports a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 22.4%, on average. AppLovin stock has jumped 44.9% year to date.
The Zacks Consensus Estimate for AppLovin’s 2025 sales and EPS indicates growth of 16.7% and 97.6%, respectively, from the prior-year levels.
Coherent flaunts a Zacks Rank of 1 at present. The company delivered a trailing four-quarter earnings surprise of 16.6%, on average. Coherent stock has tumbled 3.3% year to date.
The Zacks Consensus Estimate for Coherent’s 2025 sales and EPS indicates growth of 9% and 29.2%, respectively, from the prior-year levels.