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


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Jacobs Engineering Group Inc.JEC 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.

Jacobs Engineering Group Inc. Price

Jacobs Engineering Group Inc. Price | Jacobs Engineering Group Inc. Quote



Investors interested in the Engineering - R and D Services industry may consider Gates Industrial Corporation plc GTES , 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: JEC , GTES



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