Recap: AECOM Q1 Earnings
Portfolio Pulse from Benzinga Insights
AECOM (NYSE:ACM) reported Q1 earnings on February 5, 2024, surpassing estimated earnings by 10.53% with an EPS of $1.05 against an estimate of $0.95, while revenue remained unchanged from the previous year. The company has consistently beaten EPS estimates in the past four quarters, leading to a notable share price increase following last quarter's earnings. AECOM provided FY 2024 earnings guidance of $4.35 to $4.55 per share.
February 05, 2024 | 9:30 pm
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AECOM reported a 10.53% earnings beat for Q1 2024 with an EPS of $1.05, maintaining steady revenue from the previous year and providing positive FY 2024 guidance.
AECOM's consistent performance in beating EPS estimates, coupled with a positive earnings guidance for FY 2024, suggests a strong outlook that could positively influence its stock price in the short term. Historical data shows a positive correlation between earnings beats and subsequent stock price increases, as seen in the 7.37% rise following the last quarter's earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100