Recap: AECOM Q4 Earnings

AECOM ACM reported its Q4 earnings results on Monday, November 13, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

AECOM beat estimated earnings by 3.06%, reporting an EPS of $1.01 versus an estimate of $0.98.

Revenue was down $3.42 billion from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 1.9% drop in the share price the next day.

Here's a look at AECOM's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.95	0.89	0.81	0.82
EPS Actual	0.94	0.92	0.86	0.89
Revenue Estimate	3.49B	3.40B	3.34B	3.52B
Revenue Actual	3.66B	3.49B	3.38B	3.43B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

AECOM management provided guidance for FY 2024, expecting earnings between $4.35 and $4.55 per share.

To track all earnings releases for AECOM visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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