Core Viewpoint - AECOM is expected to report strong earnings growth in its upcoming fourth quarter results, with analysts projecting an increase in both earnings per share and revenue compared to the previous year [2]. Financial Performance - Analysts anticipate AECOM will report quarterly earnings of $1.25 per share, up from $1.01 per share in the same period last year [2]. - The company is projected to report quarterly revenue of $4.12 billion, compared to $3.84 billion a year earlier [2]. Recent Developments - On October 31, AECOM was awarded a $90 million single-award task order for the G7 Partnership for Global Infrastructure and Investment [2]. - AECOM shares experienced a slight decline of 0.3%, closing at $106.93 on Friday [2]. Analyst Ratings - Keybanc analyst Sangita Jain maintained an Overweight rating and raised the price target from $115 to $122 on November 7 [2]. - Citigroup analyst Andrew Kaplowitz maintained a Buy rating and increased the price target from $110 to $128 on October 22 [2]. - Truist Securities analyst Jamie Cook maintained a Buy rating and raised the price target from $108 to $119 on October 4 [2]. - Baird analyst Andrew Wittmann maintained an Outperform rating and boosted the price target from $96 to $100 on August 7 [2]. - RBC Capital analyst Arthur Nagorny maintained an Outperform rating and increased the price target from $112 to $113 on August 7 [2]. Consensus Price Target - AECOM has a consensus price target of $106.08 based on the ratings of 11 analysts, with the highest target being $128 from Citigroup on October 22, 2024 [2].
Aecom Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts