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Jacobs Engineering Group (JEC) Jumps: Stock Rises 7.8%

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Jacobs Engineering Group Inc. (JEC - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $65.40 to $67.63 in the past one month time frame.

The move came after the company reported better-than-expected third-quarter fiscal 2018 (ended Jun 29, 2018) results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Jacobs Engineering Group currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Investors interested in the Engineering - R and D Services industry may consider Gates Industrial Corporation plc (GTES - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is JEC going up? Or down? Predict to see what others think:Up or Down

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