Jacobs Engineering Group Inc. (JEC - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $52.14–$57.02 in the past one-month time frame, witnessed a sharp increase yesterday.
The shares rose after the company posted better-than-expected third quarter 2017 results.
Jacobs Engineering has seen one negative estimate revisions over the past two months.The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Jacobs Engineering currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Jacobs Engineering Group Inc. Price and Consensus
Another stock in the Engineering - R and D Services industry is Willdan Group, Inc. (WLDN - Free Report) which also carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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