AECOM (NYSE:ACM) reported its Q4 earnings results on Monday, November 13, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
AECOM beat estimated earnings by 3.06%, reporting an EPS of $1.01 versus an estimate of $0.98.
Revenue was down $3.42 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 1.9% drop in the share price the next day.
Here’s a look at AECOM’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.95 | 0.89 | 0.81 | 0.82 |
| EPS Actual | 0.94 | 0.92 | 0.86 | 0.89 |
| Revenue Estimate | 3.49B | 3.40B | 3.34B | 3.52B |
| Revenue Actual | 3.66B | 3.49B | 3.38B | 3.43B |
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).
Guidance
AECOM management provided guidance for FY 2024, expecting earnings between $4.35 and $4.55 per share.
To track all earnings releases for AECOM visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
