AECOM Q1 Adj EPS $1.05 Beats $0.95 Estimate, Sales $3.38B Miss $3.66B Estimate
Portfolio Pulse from bharat@benzinga.com
AECOM (NYSE:ACM) reported Q1 adjusted EPS of $1.05, surpassing the $0.95 estimate, marking a 22.09% increase from last year. However, their Q1 sales of $3.38B fell short of the $3.66B estimate, remaining unchanged from the previous year.
February 05, 2024 | 9:25 pm
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AECOM reported a Q1 adjusted EPS of $1.05, beating estimates and showing a 22.09% YOY increase, but sales of $3.38B missed estimates and showed no growth from last year.
The positive earnings beat indicates operational efficiency and could boost investor confidence, potentially leading to a short-term positive impact on ACM's stock price. However, the miss on sales forecasts and lack of growth compared to the previous year could temper investor enthusiasm, suggesting a neutral short-term impact overall.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100