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Jacobs (JEC) Wins Contract to Transform Edinburgh City Center
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Jacobs Engineering Group Inc. has won a contract in the major transformation program of the Edinburgh City Center, Scotland.
Per the deal, the company will lead the City of Edinburgh Transformation Program to renovate Scottish capital's streets, public spaces and amenities, to make the city more convenient for residents as well as visitors. The multi-million-dollar investment program will improve community, economic and cultural life of one the most iconic cities in the world.
The move underscores Jacobs’s efforts to earn high-end and differentiated Buildings, Infrastructure and Advanced Facilities (BIAF) work. Notably, this segment accounts for more than 41% of its total revenues. Being a leading professional, technical and construction service provider, Jacobs has delivered some of the largest infrastructure programs in Scotland, including the Queensferry Crossing, which links Edinburgh and Fife, and the A9 Improvements Program.
The company has been performing pretty well of late, generating higher revenues courtesy of ongoing contract wins, increased focus on high-value businesses and efficient project execution.
Notably, Jacobs’ top and bottom lines both surpassed estimates in the third quarter of fiscal 2018. Earnings increased by a significant 71% from the year-ago figure. On the other hand, its revenues totaled $4,156.7 million, reflecting healthy growth of 65.3% from the year-ago quarter.
Meanwhile, the company’s backlog as of Jun 30, 2018, was $27.2 billion, increasing 47% year over year. Particularly, in the BIAF segment, backlogs were up 75.2% in the same period.
Share Price Performance
Shares of Jacobs, a Zacks Rank #2 (Buy) company, have broadly outperformed the industry over a year. Its shares have gained 33.1% compared with its industry’s growth of 4.3% in the said period. The outperformance was backed by a solid earnings surprise history, beating the consensus mark in each of the trailing four quarters, with an average of 15.4%. Notably, Jacobs currently flaunts a VGM Score of B.
Comfort Systems’ earnings surpassed the consensus estimate in three of the trailing four quarters, delivering an average positive surprise of 11.2%.
Earnings for Gates Industrial are expected to increase 42.2% in 2018.
KBR surpassed earnings estimates in three of the past four quarters, resulting in an average positive surprise of 12.3%.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Jacobs (JEC) Wins Contract to Transform Edinburgh City Center
Jacobs Engineering Group Inc. has won a contract in the major transformation program of the Edinburgh City Center, Scotland.
Per the deal, the company will lead the City of Edinburgh Transformation Program to renovate Scottish capital's streets, public spaces and amenities, to make the city more convenient for residents as well as visitors. The multi-million-dollar investment program will improve community, economic and cultural life of one the most iconic cities in the world.
The move underscores Jacobs’s efforts to earn high-end and differentiated Buildings, Infrastructure and Advanced Facilities (BIAF) work. Notably, this segment accounts for more than 41% of its total revenues. Being a leading professional, technical and construction service provider, Jacobs has delivered some of the largest infrastructure programs in Scotland, including the Queensferry Crossing, which links Edinburgh and Fife, and the A9 Improvements Program.
The company has been performing pretty well of late, generating higher revenues courtesy of ongoing contract wins, increased focus on high-value businesses and efficient project execution.
Notably, Jacobs’ top and bottom lines both surpassed estimates in the third quarter of fiscal 2018. Earnings increased by a significant 71% from the year-ago figure. On the other hand, its revenues totaled $4,156.7 million, reflecting healthy growth of 65.3% from the year-ago quarter.
Meanwhile, the company’s backlog as of Jun 30, 2018, was $27.2 billion, increasing 47% year over year. Particularly, in the BIAF segment, backlogs were up 75.2% in the same period.
Share Price Performance
Shares of Jacobs, a Zacks Rank #2 (Buy) company, have broadly outperformed the industry over a year. Its shares have gained 33.1% compared with its industry’s growth of 4.3% in the said period. The outperformance was backed by a solid earnings surprise history, beating the consensus mark in each of the trailing four quarters, with an average of 15.4%. Notably, Jacobs currently flaunts a VGM Score of B.
Other Stocks to Consider
Other top-ranked stocks in the Zacks Construction sector are Comfort Systems USA, Inc. (FIX - Free Report) , Gates Industrial Corporation plc (GTES - Free Report) and KBR, Inc. (KBR - Free Report) . While Comfort Systems and KBR sport a Zacks Rank #1 (Strong Buy), Gates Industrial carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Comfort Systems’ earnings surpassed the consensus estimate in three of the trailing four quarters, delivering an average positive surprise of 11.2%.
Earnings for Gates Industrial are expected to increase 42.2% in 2018.
KBR surpassed earnings estimates in three of the past four quarters, resulting in an average positive surprise of 12.3%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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