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Jacobs (J), Intelinair to Deliver Digital Mapping Technology
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Jacobs Engineering Group Inc. (J - Free Report) has teamed up with Intelinair to provide advanced digital solutions to the agriculture technology (AgTech) markets. This partnership reflects Jacobs’ focus on digitally-enabled sustainability and environmental practices.
Under this three-year deal, Jacobs will support its cutting-edge multispectral sensor systems and provide aerial imagery services. Conversely, Intelinair will facilitate its artificial intelligence powered crop analytics AGMRI platform.
Pertaining to the news, Jacobs’ executive vice president and president of Critical Mission Solutions, Steve Arnette said, “Our cutting-edge GeoPod sensors are flown over fields 13 times during the growing season to conduct high-resolution digital mapping. The multispectral imagery our sensors produce is then used by Intelinair to create timely agronomic insights that aid farmers in making real-time management decisions."
Jacobs' GeoPod multispectral sensor system has been developed for various environmental applications, including the precision agriculture analytics market support. GeoPod’s wide-area collection abilities and ease of deployment enable the scaling up of operations across expansive regions.
Jacobs’ Critical Mission Solutions or CMS (representing 36.1% of fiscal 2021 total revenues) serves global automotive, aerospace, telecommunications, defense, and nuclear clients as well as the U.S. intelligence community.
CMS backlog grew 11.5% year over year to $10.8 billion at fiscal first quarter-end, which provided strong visibility into the base business. The company’s overall 18-month qualified new business pipeline of more than $30 billion remains robust. This segment is benefiting from well-funded government programs and cyber, U.S. Department of Defense or DoD, mission-IT, space, nuclear as well as 5G-related projects.
Share Price Performance
Image Source: Zacks Investment Research
J’s shares have gained 5% in the past six months compared with the Zacks Engineering - R and D Services industry’s 8.1% growth. Jacobs and other industry players are witnessing labor-related medical costs, IT-related investment costs and other investments expenses.
Better-Ranked Stocks From the Broder Construction Sector
Fluor Corporation (FLR - Free Report) — a Zacks Rank #2 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing the markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline, and high-performing business culture. It has made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
FLR’s earnings estimates have increased to $1.34 per share from $1.11 over the past 60 days. The projected figure indicates 42.6% year-over-year growth.
AECOM (ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well.
Over the past 60 days, AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.40. The projected figure indicates a 20.6% year-over-year rise.
Sterling Construction Company, Inc. (STRL - Free Report) — a Zacks Rank #2 company — has been benefiting from broad-based growth across the E-Infrastructure, Building and Transportation solutions segments.
In a month’s time, STRL’s earnings estimates for the year have increased to $2.80 from $2.63, suggesting a 30.2% year-over-year increase.
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Jacobs (J), Intelinair to Deliver Digital Mapping Technology
Jacobs Engineering Group Inc. (J - Free Report) has teamed up with Intelinair to provide advanced digital solutions to the agriculture technology (AgTech) markets. This partnership reflects Jacobs’ focus on digitally-enabled sustainability and environmental practices.
Under this three-year deal, Jacobs will support its cutting-edge multispectral sensor systems and provide aerial imagery services. Conversely, Intelinair will facilitate its artificial intelligence powered crop analytics AGMRI platform.
Pertaining to the news, Jacobs’ executive vice president and president of Critical Mission Solutions, Steve Arnette said, “Our cutting-edge GeoPod sensors are flown over fields 13 times during the growing season to conduct high-resolution digital mapping. The multispectral imagery our sensors produce is then used by Intelinair to create timely agronomic insights that aid farmers in making real-time management decisions."
Jacobs' GeoPod multispectral sensor system has been developed for various environmental applications, including the precision agriculture analytics market support. GeoPod’s wide-area collection abilities and ease of deployment enable the scaling up of operations across expansive regions.
Jacobs’ Critical Mission Solutions or CMS (representing 36.1% of fiscal 2021 total revenues) serves global automotive, aerospace, telecommunications, defense, and nuclear clients as well as the U.S. intelligence community.
CMS backlog grew 11.5% year over year to $10.8 billion at fiscal first quarter-end, which provided strong visibility into the base business. The company’s overall 18-month qualified new business pipeline of more than $30 billion remains robust. This segment is benefiting from well-funded government programs and cyber, U.S. Department of Defense or DoD, mission-IT, space, nuclear as well as 5G-related projects.
Share Price Performance
Image Source: Zacks Investment Research
J’s shares have gained 5% in the past six months compared with the Zacks Engineering - R and D Services industry’s 8.1% growth. Jacobs and other industry players are witnessing labor-related medical costs, IT-related investment costs and other investments expenses.
Zacks Rank & Key Picks
Currently, Jacobs carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-Ranked Stocks From the Broder Construction Sector
Fluor Corporation (FLR - Free Report) — a Zacks Rank #2 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing the markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline, and high-performing business culture. It has made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
FLR’s earnings estimates have increased to $1.34 per share from $1.11 over the past 60 days. The projected figure indicates 42.6% year-over-year growth.
AECOM (ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well.
Over the past 60 days, AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.40. The projected figure indicates a 20.6% year-over-year rise.
Sterling Construction Company, Inc. (STRL - Free Report) — a Zacks Rank #2 company — has been benefiting from broad-based growth across the E-Infrastructure, Building and Transportation solutions segments.
In a month’s time, STRL’s earnings estimates for the year have increased to $2.80 from $2.63, suggesting a 30.2% year-over-year increase.