AECOM Likely To Report Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

AECOM ACM is projected to release financial results for its fourth quarter, after the closing bell on Nov. 13, 2023.

Analysts expect the company to post quarterly earnings at 97 cents per share, up from year-ago earnings of 89 cents per share. The company’s revenue might come in at $3.69 billion, compared to $3.43 billion in the year-ago period.

AECOM recently said its AECOM-DBS joint venture with minority-owned business enterprise partner DB Sterlin (DBS) won a 3-year contract from the Chicago Department of Water Management to provide program management services.

AECOM shares gained 2.8% to close at $80.31 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Andrew Kaplowitz maintained a Buy rating and cut the price target from $105 to $93 on Oct. 23, 2023. This analyst has an accuracy rate of 80%.
• Credit Suisse analyst Jamie Cook maintained an Outperform rating and cut the price target from $101 to $99 on Aug. 9, 2023. This analyst has an accuracy rate of 69%.
• UBS analyst Steven Fisher maintained a Buy rating and cut the price target from $103 to $102 on May 16, 2023. This analyst has an accuracy rate of 72%.
• Baird analyst Andrew Wittmann maintained a Performer rating and cut the price target from $103 to $100 on May 9, 2023. This analyst has an accuracy rate of 76%.
• Keybanc analyst Sean Eastman maintained an Overweight rating and raised the price target from $91 to $100 on Jan. 17, 2023. This analyst has an accuracy rate of 85%.

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