AECOM's stock surged 6.13% in pre-market trading, following a significant rally in extended trading the previous session.
The infrastructure consulting firm reported first-quarter fiscal 2026 financial results that exceeded analyst expectations, with revenue of $3.83 billion beating estimates and adjusted earnings per share of $1.29 surpassing projections. The company also raised its fiscal 2026 adjusted EPS guidance and reported a record international segment backlog of $854 million, representing a 25% increase. Additionally, AECOM announced an increase in its share repurchase authorization to $1 billion and decided to continue owning and operating its Construction Management business following a strategic review.
Investor sentiment was further bolstered by positive analyst actions, including price target increases from Bofa Global Research and UBS, as well as a maintained Buy rating from B of A Securities.