Jacobs Engineering Group Inc.
), a construction services provider, hit a 52-week high of $53.80
on Mar 15, 2013, as it gained momentum from a continued flow of
contracts from well-known companies that followed modest fiscal
first quarter 2013 results. Jacobs has generated a return of
approximately 26.2% year-to-date.
This Zacks Rank #2 (Buy) company's long-term estimated
earnings per share growth rate is 13.5%. Average volume of shares
traded over the last three months came in at approximately 1.0
Galore of Contracts
Jacobs has been successfully achieving a large number of
projects and has also implemented them with equal success. In
March, Jacobs received a contract from Jiangsu Sailboat
Petrochemical Co., based in China, for designing a sulfuric acid
plant for an undisclosed amount. Around the same time, Jacobs
also inked an agreement with Shell Company of Australia Ltd., for
Shell's Clyde Terminal Project based in Sydney, Australia.
Also, in February, Jacobs signed another contract with NASA
for its Johnson Space Centre. This contract is not the first, but
rather among many other contracts that Jacobs has entered into
with NASA in various regions. The company is also expanding its
operations beyond the US, to regions like China, Australia,
Singapore, and Saudi Arabia, to name only a few.
In late January, Jacobs reported modest results for its fiscal
first quarter 2013, with earnings per share of 76 cents, in line
with the Zacks Consensus Estimate. Revenue increased 4.6% year
over year to $2.6 billion in 2012.
Estimates have also been increasing consistently over the past
60 days, after the announcement of the results. The Zacks
Consensus Estimate for fiscal 2013 rose almost 1.5% to $3.35
while that for fiscal 2014 increased 4.2% to $3.74 in the past 60
Other Stocks to Consider
Other stocks worth a look in the services industry are
AECOM Technology Corporation
Mistras Group Inc.
); each of these holds a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
MISTRAS GROUP (MG): Free Stock Analysis
TYCO INTL LTD (TYC): Free Stock Analysis
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