Professional Research on KBR Inc. and Jacobs Engineering Group Inc. -- Technical Services Sector Benefiting From Uptick in Clien
January 25 2011 - 8:11AM
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KBR Inc. (NYSE: KBR) and
Jacobs Engineering Group Inc. (NYSE: JEC). Register
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Contractors in the Technical Services sector are seeing their
revenues grow as the economy recovers and their client-base returns
to more typical levels of capital expenditure. Companies positioned
strongly in the energy and oil and gas sectors, like Jacobs
Engineering Group Inc. and KBR Inc., are benefiting from soaring
commodity prices as client companies look to ramp up their spending
and increase output. This should help to improve backlogs hurt
during the recession. Shareholders and investors can sign up today
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Jacobs Engineering Group Inc.
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Acknowledging this increase in spending, KBR Inc. recently saw
its stock price gain 2.7% as it raised its earnings outlook to
$2.05 to $2.30 per share compared with the Wall Street estimate of
$2.04. Visit us at http://www.wallstreetequityresearch.com/ to
understand the catalysts and forces driving or affecting technical
services stocks.
While energy and construction spending are benefiting the
Technical Services sector, revenues from U.S. Department of Defense
spending have been decreasing. After booking $4.8 billion in
revenue from defense contracts in 2009, KBR expects only around
$1.7 billion in 2011. This is due primarily to scale down
operations in Iraq and efforts by the Department of Defense to
reduce its budget.
On the earnings calendar, Jacobs Engineering Group Inc. will be
releasing its financial report today.
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