Infrastructure consulting service company AECOM (NYSE: ACM) will be announcing earnings results this Monday after the bell. Here’s what to expect.
AECOM missed analysts’ revenue expectations by 9.5% last quarter, reporting revenues of $3.77 billion, down 4.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ adjusted operating income estimates.
Is AECOM a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AECOM’s revenue to grow 4.1% year on year to $4.32 billion, slowing from the 13.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AECOM has missed Wall Street’s revenue estimates three times over the last two years.
Looking at AECOM’s peers in the construction and engineering segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EMCOR delivered year-on-year revenue growth of 17.4%, beating analysts’ expectations by 4.9%, and MasTec reported revenues up 19.7%, topping estimates by 4.2%. EMCOR traded down 2.3% following the results while MasTec was also down 8%.
Read our full analysis of EMCOR’s results here and MasTec’s results here.
Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. AECOM is down 4.7% during the same time and is heading into earnings with an average analyst price target of $124.50 (compared to the current share price of $110).
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