Jacobs (JEC) Signs Predictive Solutions Contract With Atos

Jacobs Engineering Group Inc. (NYSE:JEC) has inked a non-exclusive contract with Atos, in a bid to offer state-of-the-art predictive, condition-based field service optimization and maintenance solutions. These solutions will be provided across various end-markets such as energy, water, transport, nuclear and aviation.

Over the last six months, shares of this Zacks Rank #2 (Buy) company appreciated 22.8%, outperforming 7.2% growth recorded by the industry.

The company is poised to grow on the back of contract wins, strategic acquisitions and well-planned business diversification. Jacobs noted that the aforementioned deal will strengthen its Connected Enterprise business in the near future.

Inside Story

Almost all the industries are currently transforming to adopt usage of analytics and Internet of Things (IoT). These preventative and predictive maintenance solutions help lower operational costs of companies and hence are in high demand, these days.

Jacobs has comprehensive know-how and combined digital proficiencies. The company intends to provide premium IoT-based solutions to clients through its synergetic deal with Atos.

Jacobs’ professional technical services proficiency, when combined with the IoT and digital capabilities of Atos, will provide real-time visions to clients. These insights will help detect performance patterns and anomalies, determining critical assets and evaluating the key cause of asset failure. Hence, the users will be able to slash reactive and operational costs, optimize performance and boost returns on asset investment with these solutions.

Jacobs noted that its agreement with Atos will chiefly focus on the U.K. market but comprises an expansion option for other markets also.

Other Stocks to Consider

Some other top-ranked stocks in the Zacks Construction sectorare listed below:

Boise Cascade, L.L.C. (NYSE:BCC) sports a Zacks Rank of 1 (Strong Buy). The company pulled off an impressive average positive earnings surprise of 116.28% over the last four quarters.

TopBuild Corporation (NYSE:BLD) flaunts a Zacks Rank of 1. The company generated an average positive earnings surprise of 10.33% in the preceding four quarters.

Beazer Homes USA, Inc. (NYSE:BZH) carries a Zacks Rank of 2. The company recorded an average positive earnings surprise of a whopping 274.27% during the same time frame.

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