Core Viewpoint - Stantec (STN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Stantec suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Earnings Estimate Revisions - Stantec is projected to earn $3.83 per share for the fiscal year ending December 2025, representing an 18.6% year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Stantec has increased by 11.5%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Stantec's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Core Viewpoint - Stantec's shares have experienced significant growth, rising 16% over the past month and reaching a 52-week high of $101.81, with a year-to-date increase of 29.1% compared to the broader market [1][2]. Financial Performance - Stantec has consistently exceeded earnings expectations, reporting an EPS of $0.81 against a consensus estimate of $0.79 in its last earnings report, with a revenue beat of 4.49% [2]. - For the current fiscal year, Stantec is projected to achieve earnings of $3.86 per share on revenues of $4.77 billion, reflecting a 19.5% increase in EPS and an 11.37% increase in revenues. The following fiscal year is expected to see earnings of $4.31 per share on $5.11 billion in revenues, indicating year-over-year changes of 11.53% and 7.12%, respectively [3]. Valuation Metrics - Stantec's current valuation metrics indicate a premium, trading at 26.2 times the current fiscal year EPS estimates compared to the peer industry average of 21 times. On a trailing cash flow basis, it trades at 19.2 times versus the peer group's average of 18.7 times [6]. Style Scores and Zacks Rank - Stantec has a Value Score of D, while its Growth and Momentum Scores are B and A, respectively, resulting in a combined VGM Score of B. This suggests a mixed valuation perspective [6]. - The stock holds a Zacks Rank of 1 (Strong Buy), supported by favorable earnings estimate revisions from analysts, indicating potential for further gains [7].

Core Points - Stantec Inc. held its annual meeting of shareholders on May 15, 2025, with 88,159,157 shares represented, accounting for 77.29% of outstanding common shares [1] Group 1: Election of Directors - All nine nominees for the Board of Directors were elected, with the highest percentage of votes for Martin A. à Porta at 99.54% and the lowest for Marie-Lucie Morin at 95.65% [1] Group 2: Appointment of Auditor - PricewaterhouseCoopers LLP was reappointed as auditor for 2025, receiving 87,906,572 votes in favor, which is 99.71% of the total votes [2] Group 3: Executive Compensation - Shareholders approved Stantec's approach to executive compensation with 80,417,027 votes for, representing 94.77% [3] Group 4: Company Overview - Stantec is a global leader in sustainable engineering, architecture, and environmental consulting, addressing challenges such as aging infrastructure and energy transition [4][6]

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Stantec (STN) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.53%. A quarter ago, it was expected that this engineering firm would post earnings of $0.69 per share when it actually produced earnings of $0.79, delivering a surprise of 14.49%.Over the last four quarters, the company h ...

Exhibit 99.2 - Stantec Inc.'s Unaudited Interim Condensed Consolidated Financial Statements Interim Condensed Consolidated Statements of Financial Position (Unaudited) | | | March 31, | December 31, | | --- | --- | --- | --- | | | | 2025 | 2024 | | (In millions of Canadian dollars) | Notes | $ | $ | | ASSETS | | | | | Current | | | | | Cash and cash equivalents | | 254.0 | 228.5 | | Trade and other receivables | 4 | 1,194.3 | 1,323.8 | | Unbilled receivables | | 789.2 | 724.5 | | Contract assets | | 127.3 | ...

Core Insights - Stantec reported a strong first quarter for 2025, with net revenue increasing by 13.3% year-over-year to $1.6 billion, driven by both organic growth of 5.9% and acquisition growth of 3.2% [3][6][11] - The company achieved an adjusted EBITDA of $252.3 million, reflecting a 19.1% increase, and an adjusted EBITDA margin of 16.2%, which is a 70 basis point improvement compared to the same quarter in 2024 [3][6][11] - Stantec's backlog reached a record high of $7.9 billion, up 12.8% year-over-year, indicating strong future revenue potential [4][6][11] Financial Performance - Net income for Q1 2025 increased by 29.8% to $100.1 million, with diluted EPS rising by 29.4% to $0.88 [11][12] - Adjusted net income grew by 28.9% to $132.8 million, achieving 8.6% of net revenue, an increase of 110 basis points [11][12] - Operating cash flows increased significantly by 135.8% to $100.7 million, demonstrating strong cash flow generation [11] Growth Strategy - Stantec reaffirmed its 2025 guidance, targeting net revenue growth of 7% to 10%, with adjusted EBITDA margin expected to be between 16.7% and 17.3% [5][8][9] - The company is optimistic about organic growth in both the US and Canada, expecting mid- to high-single-digit growth driven by a robust backlog [8][10] - Stantec has entered into definitive agreements to acquire Page and Ryan Hanley, which will enhance its capabilities and expand its workforce by over 1,500 team members [4][6][15] Market Position - The acquisition of Page, a 1,400-person architecture and engineering firm, positions Stantec to become the second largest architecture firm in the US, enhancing its expertise in advanced manufacturing and healthcare [4][6][11] - The acquisition of Ryan Hanley strengthens Stantec's presence in the Irish water sector, further diversifying its service offerings [15] Segment Performance - In Q1 2025, net revenue by region showed strong performance, with Canada achieving 12.2% organic growth, the US growing by 2.4%, and Global operations increasing by 7.5% [13] - The project margin increased to 54.3%, reflecting solid project execution and effective cost management [11][12] Future Outlook - Stantec anticipates continued strong demand and operational performance, with a focus on maintaining high project margins and effective cost management strategies [9][10] - The company expects adjusted EPS growth of 16% to 19% compared to 2024, indicating confidence in its financial trajectory [10]

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EDMONTON, Alberta and NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by the City of Mississauga to lead detailed design and contract administration on the Dundas Bus Rapid Transit Mississauga East Corridor, which includes more than 7 kilometres of bus rapid transit (BRT) with 8 stops. Led by the City of Mississauga, the Dundas BRT Mississauga East segment has an estimated project budget of C$580 million, which includ ...

Have you been paying attention to shares of Stantec (STN) ? Shares have been on the move with the stock up 6.2% over the past month. The stock hit a new 52-week high of $90.29 in the previous session. Stantec has gained 14.6% since the start of the year compared to the -1.2% move for the Zacks Business Services sector and the -6.5% return for the Zacks Consulting Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings ...