Infrastructure consultant AECOM's Q1 revenue beats expectations

Reuters
Yesterday
Infrastructure consultant AECOM's Q1 revenue beats expectations

Overview

  • Global infrastructure leader's Q1 revenue beat analyst expectations

Outlook

  • AECOM raises fiscal 2026 adjusted EPS guidance to $5.85-$6.05

  • Company expects fiscal 2026 adjusted EBITDA of $1,270 mln-$1,305 mln

  • AECOM anticipates organic NSR growth of 6%-8% for fiscal 2026

Result Drivers

  • RECORD BACKLOG - AECOM's backlog increased by 9% to a record high, driven by a 1.5 book-to-burn ratio, indicating strong demand for future projects

  • AI AND TECHNOLOGY INVESTMENTS - Investments in AI and technology have been instrumental in securing key projects and enhancing competitive advantages, according to AECOM

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$3.83 bln

$3.61 bln (5 Analysts)

Q1 EPS

$0.56

Q1 Net Income

$93.35 mln

Q1 Operating Income

$222 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for AECOM is $126.50, about 25.2% above its February 6 closing price of $101.03

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw4CFMqpa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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