AECOM Likely To Report Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
AECOM (NYSE:ACM) is expected to report higher earnings for Q4, with estimates at 97 cents per share compared to 89 cents per share a year ago. Revenue is projected at $3.69 billion, up from $3.43 billion. AECOM-DBS joint venture won a 3-year contract from the Chicago Department of Water Management. AECOM's stock closed up 2.8% at $80.31. Analysts have recently adjusted AECOM's price targets, with the most accurate analysts maintaining positive ratings but slightly lowering targets.
November 13, 2023 | 3:21 pm
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POSITIVE IMPACT
AECOM is anticipated to report increased earnings and revenue for Q4, which could positively impact its stock price. The company's recent contract win and positive closing stock price movement further support a bullish outlook. Analysts have slightly lowered price targets but maintain positive ratings.
The expected increase in earnings and revenue for AECOM suggests a strong financial performance, which is typically a positive driver for stock prices. The contract win indicates business growth and may reinforce investor confidence. Analysts' high accuracy rates and maintained positive ratings, despite lower price targets, suggest that the adjustments are minor and the overall outlook for AECOM remains positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100