Equity Profile

ACM

AECOM

IndustrialsConstruction & Engineering$9.1B

May11Mon

Post-Earnings Recap

ReportedQ2-2026After Close4:05 PM EDT

AECOM Beats on EPS, Stock Unknown

Metric	Actual	Expected	Surprise
EPS	$1.59	$1.54	+0.63%
Revenue	—	$4.0B	—

management commentary, guidance changes, and full analysis available with Pro.

AECOM Beats on EPS, Stock Unknown

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.59	$1.54	+0.63%
Revenue	—	$4.0B	—

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on numerical results.

What It Means

AECOM reported better-than-expected earnings per share, indicating stronger profitability than analysts anticipated. However, there was no revenue figure provided, leaving some uncertainty about overall performance. The stock reaction is currently unknown, as no immediate market response has been reported.

Company Snapshot

AECOM (ACM) is a global infrastructure and environmental services firm that provides engineering, construction, and project management solutions. With a market cap of $10 billion, AECOM plays a crucial role in the construction and engineering sector, which is influenced by trends in infrastructure spending and sustainability initiatives.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$1.54

Revenue

Revenue figures reflect the company's ability to generate sales and are critical for assessing growth.

$4.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+4.62%

Avg Stock Reaction

-0.49%

Last Quarter Recap

In Q1-2026, AECOM reported an EPS of $1.29, which was below the expected $1.41, resulting in an 8.51% negative surprise. The stock reacted positively the next day, gaining 1.65%.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect AECOM to report an EPS of $1.54 and revenue of $4.0 billion, indicating a cautious outlook following the last quarter's miss. The market is closely watching for any signs of recovery in earnings.

Bull Case

If AECOM beats expectations, it could signal strong demand in the construction sector and improved operational efficiency, potentially leading to a positive stock reaction.

Bear Case

Conversely, if AECOM misses again, it may raise concerns about ongoing challenges in the construction industry, leading to a negative market reaction.

Key Metrics to Watch

EPS

$1.54

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$4.0B

Revenue figures reflect the company's ability to generate sales and are critical for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM achieve an EPS of $1.54 or higher this quarter?

Achieving or exceeding this EPS target would indicate a recovery in profitability and could boost investor confidence.

What factors contributed to the revenue target of $4.0 billion?

Understanding the drivers behind revenue expectations will help assess the company's growth potential and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AECOM's ability to leverage infrastructure spending, especially with recent government initiatives aimed at boosting construction.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating heightened uncertainty.

AECOM's recent projects suggest a potential for revenue growth that may not be reflected in current estimates.

Key Risk

If AECOM can secure new contracts or demonstrate strong project execution, it could significantly outperform current revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a disappointing Q1-2026, making it crucial for AECOM to demonstrate recovery.

Bull Confirmed If

A revenue growth of at least 5% year-over-year would confirm strong demand and operational efficiency.

Bear Confirmed If

A revenue miss below $3.9 billion would raise concerns about market demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±7.7% while ACM has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

26.9%

Calls (24K)P/C Ratio: 0.16Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AECOM beats expectations, history suggests the stock could rise, confirming a positive outlook for the construction sector.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future growth prospects.

Miss

A miss could result in a decline, with history indicating an average drop of around 1.66% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on major contracts won or lost in the last quarter.
2Any commentary on cost management strategies and their impact on margins.
3Insights into market demand for infrastructure projects.
4Details on geographic performance and any emerging markets.
5Management's outlook on future earnings and revenue growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

May8

HEReported

Hawaiian Electric Industries, Inc.

RecapView

May8

JHGReported

Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$1.54

Revenue

Revenue figures reflect the company's ability to generate sales and are critical for assessing growth.

$4.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+4.62%

Avg Stock Reaction

-0.49%

Last Quarter Recap

In Q1-2026, AECOM reported an EPS of $1.29, which was below the expected $1.41, resulting in an 8.51% negative surprise. The stock reacted positively the next day, gaining 1.65%.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If AECOM beats expectations, it could signal strong demand in the construction sector and improved operational efficiency, potentially leading to a positive stock reaction.

Bear Case

Conversely, if AECOM misses again, it may raise concerns about ongoing challenges in the construction industry, leading to a negative market reaction.

Key Metrics to Watch

EPS

$1.54

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$4.0B

Revenue figures reflect the company's ability to generate sales and are critical for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM achieve an EPS of $1.54 or higher this quarter?

Achieving or exceeding this EPS target would indicate a recovery in profitability and could boost investor confidence.

What factors contributed to the revenue target of $4.0 billion?

Understanding the drivers behind revenue expectations will help assess the company's growth potential and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AECOM's ability to leverage infrastructure spending, especially with recent government initiatives aimed at boosting construction.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating heightened uncertainty.

AECOM's recent projects suggest a potential for revenue growth that may not be reflected in current estimates.

Key Risk

If AECOM can secure new contracts or demonstrate strong project execution, it could significantly outperform current revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a disappointing Q1-2026, making it crucial for AECOM to demonstrate recovery.

Bull Confirmed If

A revenue growth of at least 5% year-over-year would confirm strong demand and operational efficiency.

Bear Confirmed If

A revenue miss below $3.9 billion would raise concerns about market demand and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.

Options are pricing ±7.7% while ACM has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

26.9%

Calls (24K)P/C Ratio: 0.16Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AECOM beats expectations, history suggests the stock could rise, confirming a positive outlook for the construction sector.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future growth prospects.

Miss

A miss could result in a decline, with history indicating an average drop of around 1.66% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on major contracts won or lost in the last quarter.
2Any commentary on cost management strategies and their impact on margins.
3Insights into market demand for infrastructure projects.
4Details on geographic performance and any emerging markets.
5Management's outlook on future earnings and revenue growth.