Jacobs Engineering Group Inc. J has been rallying on high-value businesses, namely Critical Mission Solutions or CMS and People & Places Solutions or P&PS, as well as efficient project execution. Also, its focus on transitioning from engineering and construction to a global technology-forward solutions company is fueling growth.
The company — which shares space with Quanta Services, Inc. PWR, KBR, Inc. KBR and Altair Engineering Inc. ALTR in the Engineering – R and D Services industry — surpassed earnings estimates in 18 of the trailing 21 quarters.
However, coronavirus-led impacts, stiff industry rivalry, cost burden and currency headwinds remain concerns for this leading professional, technical and construction services provider.
Strategies to Support Growth
Jacobs has been exhibiting strong results, courtesy of increased focus on CMS and P&PS businesses. Notably, the company has been transforming the business to become a more outcome-focused solutions provider. To that end, it has changed the