AECOM Gears Up to Report Q4 Earnings: Things to Keep in Mind

Core Viewpoint - AECOM is expected to report strong earnings for the fourth quarter of fiscal 2024, driven by organic growth initiatives and restructuring efforts aimed at improving profitability and reducing costs [4][5]. Financial Performance - In the last reported quarter, AECOM's earnings exceeded the Zacks Consensus Estimate by 3.6% and increased by 23% year over year, with net sales growing by 13% year over year [2]. - The Zacks Consensus Estimate for earnings per share for the upcoming quarter is stable at $1.22, indicating a 20.8% increase from the previous year's $1.01 [3]. Segment Performance - The Zacks Consensus Estimate for sales in the Americas segment is $1.09 billion, up from $1 billion in the year-ago period, while the International segment sales are estimated at $759 million, an increase from $722.4 million [7]. - The estimated operating income for the Americas segment is $210 million, up from $186.2 million year over year, and for the International segment, it is pegged at $86 million, an increase from $71.9 million [8]. Strategic Initiatives - AECOM's "Think and Act Globally" strategy, along with a strong design backlog and pipeline of opportunities, continues to support its growth [5]. - The company's focus on Environmental, Social, and Governance (ESG) factors is positively impacting demand for its technical, advisory, and program management services [6].