Stantec (NYSE:STN) Stock, Quote.Headers.trade-ideas

Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources. The company provides professional services in all phases of the project life cycle: planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation.

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Stantec Acquires Environmental Systems Design For Undisclosed Sum

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Boston Water And Sewer Commission Picks Stantec For East Boston Sewer Separation Project

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General

Los Angeles Department Of Water & Power Has Selected Stantec For A New Five-year Master Services Agreements To Upgrade, Expand, And Modernize Electrical Infrastructure In Greater Los Angeles, Stantec Will Serve As One Of The Owner's Representatives For The Duration Of $104M Agreement And Supply Power System And Resource Development Services

Guidance

Stantec Sees FY24 Net Revenue Growth 12%-15%

Stantec Revises 2024 Net Revenue Growth Range From 11-15% To 12-15%

Earnings

Stantec Q2 2024 Adj. EPS $1.12 Beats $1.11 Estimate, Sales $1.5B vs $1.478B Estimate

Management

Stantec Says Vito Culmone Will Join In Mid-July 2024 As Its Next Executive VP And CFO; To Officially Assume CFO Role On September 3, 2024

Stantec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.86 by 4.65 percent. The company reported quarterly sales of $1.40 which missed the analyst consensus estimate of $1.36 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $908.74 million the same period last year.

Earnings Beats

Earnings Misses

Stantec Q1 2024 Adj EPS $0.90 Beats $0.86 Estimate, Sales $1.40 Miss $1.36B Estimate

Stantec Acquired Hydrock, A 950-person Integrated Engineering Design Firm For An Undisclosed Amount

<a href="http://www.stantec.com/" target="_blank">Stantec</a>, a global leader in sustainable design and engineering, has been selected to provide integrated design services for&nbsp;<a href="https://agratas.net/" target="_blank">Agratas</a>, Tata Group&#39;s global battery business, who are building a battery cell manufacturing facility on the&nbsp;<a href="https://thisisgravity.co.uk/" target="_blank">Gravity Smart Campus</a>&nbsp;in the United Kingdom (UK). The new advanced manufacturing facility, comprising three separate buildings with associated ancillary structures, will create up to 4,000 jobs on site over the lifespan of the project and thousands more in the supply chain.

Stantec to Design £4B Battery Manufacturing Facility of Agratas, Tata Group

Stantec Announces Vice President And CFO Theresa Jang To Retire

Dividends

Stantec Increases Dividend 7.7% To C$0.21

Stantec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>) reported quarterly&nbsp;sales of $912.70 million which beat the analyst consensus estimate of $908.67 million by 0.44 percent. This is a 8.45 percent increase over sales of $841.59 million the same period last year.

Stantec Q4 Sales $912.70M Beat $908.67M Estimate

Stantec Increases 2024 Targets For Net Revenue Growth From 7%-12% To 11%-15%; Revises Adjusted EPS Growth Targets From 11%-16% To 12%-16%

Stantec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>) reported quarterly Adj earnings of $0.60 per share which missed the analyst consensus estimate of $0.64 by 5.78 percent. This is a 1.15 percent decrease over earnings of $0.61 per share from the same period last year.

Stantec Q4 Adj EPS $0.60 Misses $0.64 Estimate

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Earnings Scheduled For February 28, 2024

Stantec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that Stantec will report an earnings per share (EPS) of $0.64. 
Stantec bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 8.98% increase in the share price the next day.
Here's a look at Stantec's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.71</td>
<td>0.70</td>
<td>0.54</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.85</td>
<td>0.74</td>
<td>0.54</td>
<td>0.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>9.0%</td>
<td>-2.0%</td>
<td>-4.0%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709049701_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Stantec were trading at $83.77 as of February 26. Over the last 52-week period, shares are up 44.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/STN/earnings">To track all earnings releases for Stantec visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Stantec

Stantec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that Stantec will report an earnings per share (EPS) of $0.64. 
Stantec bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 8.98% increase in the share price the next day.
Here's a look at Stantec's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.71</td>
<td>0.70</td>
<td>0.54</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.85</td>
<td>0.74</td>
<td>0.54</td>
<td>0.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>9.0%</td>
<td>-2.0%</td>
<td>-4.0%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709049695_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Stantec were trading at $83.77 as of February 26. Over the last 52-week period, shares are up 44.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/STN/earnings">To track all earnings releases for Stantec visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Stantec's Earnings: A Preview

Stantec, a global leader in sustainable design and engineering, has signed an agreement to acquire Morrison Hershfield, a 1,150-person engineering and management firm headquartered in Markham, Ontario. Founded in 1946 and employee-owned, Morrison Hershfield has a top-tier industry reputation in transportation, buildings, and environmental services. Morrison Hershfield has offices in 22 cities in Canada and the United States, and one office in India. With a particularly strong presence in Canada, Morrison Hershfield will increase Stantec&#39;s Canadian workforce by approximately&nbsp;10%.
The acquisition, which is being completed by way of a court approved plan of arrangement, is subject to Morrison Hershfield shareholder approval, court approvals, and certain regulatory approvals and is expected to close in&nbsp;Q1&nbsp;2024. The terms of the transaction are not disclosed.

Stantec to Acquire Morrison Hershfield, a Leading Transportation, Buildings, and Environmental Services Firm, Financial Terms Undisclosed

Stantec Announces Renewal of Normal Course Issuer Bid, Automatic Share Purchase Plan

RBC Capital analyst Sabahat Khan maintains Stantec (TSX:<a class="ticker" href="https://www.benzinga.com/stock/STN#TSX">STN</a>) with a Outperform and raises the price target from C$106 to C$118.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Stantec, Raises Price Target to C$118

By the end of 2026, Stantec aims to achieve:
<ul>
<li>Net revenue of&nbsp;$7.5 billion</li>
<li>Organic net revenue1&nbsp;growth at a three-year compound annual growth rate (CAGR) of greater than&nbsp;7%</li>
<li>Adjusted EBITDA1&nbsp;margin in the range of&nbsp;17%&nbsp;to&nbsp;18%</li>
<li>Adjusted diluted earnings per share (EPS)1&nbsp;at a CAGR in the range of&nbsp;15%&nbsp;to&nbsp;18%</li>
</ul>

By 2026, Stantec Eyes Net Revenue of $7.5B, Organic Net Revenue Growth at a 3-Year CAGR of Greater Than 7%, Adj EPS at a CAGR of 15%-18%

Stantec (TSE:STN) has released an update. Stantec has reported a robust second quarter in 2024 with a record net revenue of $1.5 billion, marking a...

Stantec Celebrates Record Q2 Revenue and Growth

Stantec declares CAD 0.21 dividend

Stantec Inc. 2024 Q2 - Results - Earnings Call Presentation

Stantec Inc. (STN) Q2 2024 Earnings Call Transcript

Stantec (STN – Research Report) received a Hold rating and a C$120.00 price target from Raymond James analyst Frederic Bastien today. The company's...

Stantec (STN) was downgraded to a Hold Rating at Raymond James

In a report released yesterday, Sabahat Khan from RBC Capital reiterated a Buy rating on Stantec (STN – Research Report), with a price target of C$...

RBC Capital Reaffirms Their Buy Rating on Stantec (STN)

In a report released today, Jacob Bout from CIBC reiterated a Buy rating on Stantec (STN – Research Report), with a price target of C$120.00. The c...

Stantec (STN) Gets a Buy from CIBC

Stantec (TSE:STN) has released an update. Stantec Inc. has amended its credit agreement, originally dated December 8, 2022, due to an amalgamation ...

Stantec Inc. Amends Credit Agreement Terms

Stantec (TSE:STN) has released an update. Global design and engineering firm Stantec has been chosen for a $104-million Master Services Agreement b...

Stantec Secures Major LA Renewable Energy Project

Stantec: Industry Tailwinds Vs. Valuation Headwinds

Press Releases

Stantec announces dates for first quarter 2024 results and conference call and annual general meeting of shareholders

Stantec selected by BC Hydro to provide Transmission & Distribution Engineering and Project Delivery Services

Stantec acquires Hydrock, a UK integrated engineering design firm

Stantec reports strong first quarter 2024 results with 19% growth in diluted earnings per share and 23% growth in adjusted diluted earnings per share

Stantec Announces Results of its 2024 Annual Meeting of Shareholders

Stantec selected to continue providing program management and technical engineering services for Pure Water San Diego Program

Vito Culmone to join Stantec as Chief Financial Officer

Stantec to release second quarter 2024 results on August 7, 2024 and host conference call on August 8, 2024

Stantec reports strong second quarter 2024 results and backlog of $7.2 billion

Stantec selected by Los Angeles Department of Water & Power for 5-year US $104-million Master Services Agreement

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Stantec (NYSE:STN) Stock, Quote.Headers.trade-ideas