Earnings Outlook For AECOM
Portfolio Pulse from Benzinga Insights
AECOM (NYSE:ACM) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts expecting an EPS of $0.95. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.03 and resulting in a 7.37% share price increase the following day. AECOM's stock has seen a 1.36% increase over the last 52 weeks, trading at $89.73 as of February 1. Investors are looking for positive guidance for the next quarter.
February 02, 2024 | 4:01 pm
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AECOM is expected to report an EPS of $0.95 for the upcoming quarter. The company's history of beating EPS estimates and the subsequent positive stock price reactions suggest potential for a short-term price increase, especially if AECOM provides positive future guidance.
Given AECOM's history of beating EPS estimates and the positive correlation between past earnings beats and stock price increases, a similar outcome could be expected if the company beats the EPS estimate again and provides optimistic future guidance. The stock's positive performance over the last year further supports investor confidence.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100