Stantec reports strong second quarter 2024 results and backlog of 7.2 billion
STN Stock | USD 87.02 1.31 1.53% |
About 61% of all Stantec's investors are looking to take a long position. The analysis of overall sentiment of trading Stantec stock suggests that some investors are interested at this time. Stantec's investing sentiment overview a quick insight into current market opportunities from investing in Stantec. Many technical investors use Stantec stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Stantec |
Q2 2024 Highlights Record net revenue of 1.5 billion, an increase of 16.8 percent over Q2 2023Adjusted EBITDA1 increase of 14.5 percent to 247.3 million and adjusted EBITDA margin1 of 16.6Adjusted diluted EPS1 of 1.12, up 13.1 percent over Q2 2023Backlog of 7.2 billion, up 13.4 percent since December 31, 2023 EDMONTON, Alberta and NEW YORK, Aug. 07, 2024 -- Stantec , a global leader in sustainable design and engineering, today reported its results for the three months ended June 30, 202
Read at finance.yahoo.com
Stantec Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Stantec can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Stantec Fundamental Analysis
We analyze Stantec's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Stantec using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Stantec based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Stantec is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Stantec Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Stantec stock to make a market-neutral strategy. Peer analysis of Stantec could also be used in its relative valuation, which is a method of valuing Stantec by comparing valuation metrics with similar companies.
Peers
Stantec Related Equities
FIX | Comfort Systems | 1.36 | ||||
ACA | Arcosa | 1.18 | ||||
GVA | Granite Construction | 0.69 | ||||
PRIM | Primoris Services | 0.65 | ||||
APG | Api Group | 0.61 | ||||
ROAD | Construction Partners | 0.46 | ||||
EME | EMCOR | 0.43 | ||||
DY | Dycom Industries | 0.27 | ||||
ACM | Aecom Technology | 0.20 | ||||
BLD | Topbuild Corp | 0.16 | ||||
MYRG | MYR | 0.08 | ||||
MTRX | Matrix Service | 0.30 | ||||
AMRC | Ameresco | 1.26 |
Check out Stantec Hype Analysis, Stantec Correlation and Stantec Performance. To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Research & Consulting Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stantec. If investors know Stantec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stantec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 0.825 | Earnings Share 2.19 | Revenue Per Share 49.58 | Quarterly Revenue Growth 0.158 |
The market value of Stantec is measured differently than its book value, which is the value of Stantec that is recorded on the company's balance sheet. Investors also form their own opinion of Stantec's value that differs from its market value or its book value, called intrinsic value, which is Stantec's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stantec's market value can be influenced by many factors that don't directly affect Stantec's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stantec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stantec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stantec's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.