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Jacobs (J) to Provide Engineering Services for Singapore's PUB
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Jacobs Engineering Group Inc. (J - Free Report) has been selected by Singapore's National Water Agency, PUB, to provide engineering services in order to enhance the country’s waste treatment capabilities.
Jacobs will assist in developing the new greasy waste (GWTF) and food waste treatment facilities (FWTF) to make the most of energy and resource recovery at the Changi Water Reclamation Plant (CWRP).
Jacobs’ scope of work includes preliminary and detailed design and engineering services for the new GWTF and site supervision during the construction, testing and commissioning of the project. It will also conduct the preliminary design study for the FWTF and review additional modification works to the existing facilities at CWRP to support the co-digestion process.
Jacobs’ Solid Backlog Level: A Boon
Jacobs has been witnessing accelerating demand for consulting services for infrastructure, water, environment, space, broadband, cybersecurity and life sciences. Efficient project execution has been one of the primary factors driving Jacobs’ performance over the last few quarters. The company’s solid backlog level is a testimony to this fact.
At first quarter fiscal 2022-end, it reported a backlog of $28 billion, up 12% year over year. This reflects persistent solid demand for Jacobs' consulting services. Critical Mission Solutions or CMS segment 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, mission-IT, space, nuclear as well as 5G-related projects.
People & Places Solutions or P&PS segment backlog was up 10% year over year at fiscal first quarter-end to $16.93 billion. The P&PS segment’s overall sales pipeline has increased, as both life sciences and electronics customers have moved forward with the previously paused projects.
Image Source: Zacks Investment Research
Coming to share price performances, J’s shares have gained 4.2% in the past six months compared with the Zacks Engineering - R and D Services industry’s 4.1% growth. Jacobs has been successfully defying the ongoing challenges related to labor-related medical costs, IT-related investment costs and other investments expenses.
Some Better-Ranked Stocks From the Broader 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 $1.12 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 delivering 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 $3.30. The projected figure indicates a 20.6% year-over-year rise.
D.R. Horton, Inc. (DHI - Free Report) — a Zacks Rank #2 company — is a Texas-based prime homebuilder. The company continues to gain from industry-leading market share, a solid acquisition strategy, a well-stocked supply of land, lots, and homes along with affordable product offerings across multiple brands.
The consensus mark for DHI’s earnings for fiscal 2022 has increased to $15.88 from $15.80 per share over the past 30 days. The projected figure indicates a 39.2% year-over-year rise.
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Jacobs (J) to Provide Engineering Services for Singapore's PUB
Jacobs Engineering Group Inc. (J - Free Report) has been selected by Singapore's National Water Agency, PUB, to provide engineering services in order to enhance the country’s waste treatment capabilities.
Jacobs will assist in developing the new greasy waste (GWTF) and food waste treatment facilities (FWTF) to make the most of energy and resource recovery at the Changi Water Reclamation Plant (CWRP).
Jacobs’ scope of work includes preliminary and detailed design and engineering services for the new GWTF and site supervision during the construction, testing and commissioning of the project. It will also conduct the preliminary design study for the FWTF and review additional modification works to the existing facilities at CWRP to support the co-digestion process.
Jacobs’ Solid Backlog Level: A Boon
Jacobs has been witnessing accelerating demand for consulting services for infrastructure, water, environment, space, broadband, cybersecurity and life sciences. Efficient project execution has been one of the primary factors driving Jacobs’ performance over the last few quarters. The company’s solid backlog level is a testimony to this fact.
At first quarter fiscal 2022-end, it reported a backlog of $28 billion, up 12% year over year. This reflects persistent solid demand for Jacobs' consulting services. Critical Mission Solutions or CMS segment 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, mission-IT, space, nuclear as well as 5G-related projects.
People & Places Solutions or P&PS segment backlog was up 10% year over year at fiscal first quarter-end to $16.93 billion. The P&PS segment’s overall sales pipeline has increased, as both life sciences and electronics customers have moved forward with the previously paused projects.
Image Source: Zacks Investment Research
Coming to share price performances, J’s shares have gained 4.2% in the past six months compared with the Zacks Engineering - R and D Services industry’s 4.1% growth. Jacobs has been successfully defying the ongoing challenges related to 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.
Some Better-Ranked Stocks From the Broader 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 $1.12 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 delivering 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 $3.30. The projected figure indicates a 20.6% year-over-year rise.
D.R. Horton, Inc. (DHI - Free Report) — a Zacks Rank #2 company — is a Texas-based prime homebuilder. The company continues to gain from industry-leading market share, a solid acquisition strategy, a well-stocked supply of land, lots, and homes along with affordable product offerings across multiple brands.
The consensus mark for DHI’s earnings for fiscal 2022 has increased to $15.88 from $15.80 per share over the past 30 days. The projected figure indicates a 39.2% year-over-year rise.