AECOM Q2 2024 GAAP EPS $0.81 Misses $0.95 Estimate, Sales $3.94B Beat $3.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
AECOM (NYSE:ACM) reported Q2 2024 earnings per share of $0.81, missing the consensus estimate of $0.95 by 14.74%. However, their quarterly sales of $3.94 billion exceeded the $3.79 billion estimate by 4.15%, marking a 13.01% increase from the previous year.
May 06, 2024 | 8:09 pm
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AECOM's Q2 2024 earnings missed EPS estimates but beat sales forecasts, indicating mixed financial performance.
The miss in EPS estimates could negatively impact investor sentiment and potentially the stock price in the short term. However, the beat on sales forecasts and the significant year-over-year sales growth could offset some of the negative sentiment, leading to a neutral short-term impact on the stock price.
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