Equity Profile

ACM

AECOM

IndustrialsConstruction & Engineering$8.2B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

AECOM (ACM) is a leading company in the construction and engineering sector, providing infrastructure and environmental services. With a market cap of $8 billion, AECOM plays a crucial role in shaping urban environments and managing complex projects, which are increasingly important as global infrastructure needs grow.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and performance, reflecting how well the company is managing costs and generating income.

$1.46

Revenue

Total revenue gives insight into the company's ability to secure contracts and drive sales, which is vital for growth in the construction industry.

$4.4B

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

ACM Q3-2026 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 Q2-2026, AECOM reported an EPS of $1.59, slightly beating expectations. However, the stock experienced a decline of 1.35% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about AECOM's upcoming earnings, expecting a solid performance based on recent trends. However, there are concerns about potential challenges in the construction sector that could impact revenue.

Bull Case

If AECOM beats EPS estimates and shows strong revenue growth, it could signal robust demand for infrastructure projects, boosting investor confidence.

Bear Case

On the other hand, if the company misses estimates or provides weak guidance, it could raise concerns about its ability to navigate a competitive and potentially slowing market.

Key Metrics to Watch

EPS

$1.46

Earnings per share is a key indicator of profitability and performance, reflecting how well the company is managing costs and generating income.

Revenue

$4.4B

Total revenue gives insight into the company's ability to secure contracts and drive sales, which is vital for growth in the construction industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM's EPS exceed the consensus estimate of $1.46?

A strong EPS could indicate effective cost management and robust demand, which would be crucial for investor confidence.

What guidance will AECOM provide regarding future revenue growth?

Guidance on revenue is essential for understanding the company's outlook in a potentially challenging market environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate AECOM's ability to leverage recent infrastructure spending, particularly in urban development projects that are gaining traction.

Supporting Evidence

AECOM has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If AECOM's revenue growth exceeds $4.4B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as AECOM navigates a competitive landscape while aiming to capitalize on infrastructure spending.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.39 would raise concerns about the company's ability to meet market expectations.

Pre-Earnings Positioning

Options Market

Implied Move

±16.29%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±16.3% while ACM has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

43.1%

Calls (5K)P/C Ratio: 1.15Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AECOM beats expectations, history suggests a potential average one-day move of +1.73%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity on future guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +1.65% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on major infrastructure projects and their expected contribution to revenue.
2Any commentary on cost management strategies and their impact on EPS.
3Insights into market demand for construction services in the upcoming quarters.
4Details on new contracts secured since the last earnings report.
5Management's outlook on the competitive landscape and potential challenges.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and performance, reflecting how well the company is managing costs and generating income.

$1.46

Revenue

Total revenue gives insight into the company's ability to secure contracts and drive sales, which is vital for growth in the construction industry.

$4.4B

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

ACM Q3-2026 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 Q2-2026, AECOM reported an EPS of $1.59, slightly beating expectations. However, the stock experienced a decline of 1.35% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If AECOM beats EPS estimates and shows strong revenue growth, it could signal robust demand for infrastructure projects, boosting investor confidence.

Bear Case

On the other hand, if the company misses estimates or provides weak guidance, it could raise concerns about its ability to navigate a competitive and potentially slowing market.

Key Metrics to Watch

EPS

$1.46

Earnings per share is a key indicator of profitability and performance, reflecting how well the company is managing costs and generating income.

Revenue

$4.4B

Total revenue gives insight into the company's ability to secure contracts and drive sales, which is vital for growth in the construction industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM's EPS exceed the consensus estimate of $1.46?

A strong EPS could indicate effective cost management and robust demand, which would be crucial for investor confidence.

What guidance will AECOM provide regarding future revenue growth?

Guidance on revenue is essential for understanding the company's outlook in a potentially challenging market environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate AECOM's ability to leverage recent infrastructure spending, particularly in urban development projects that are gaining traction.

Supporting Evidence

AECOM has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

The options market is pricing a significant move, suggesting that traders expect volatility that may not align with consensus expectations.

Key Risk

If AECOM's revenue growth exceeds $4.4B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as AECOM navigates a competitive landscape while aiming to capitalize on infrastructure spending.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.39 would raise concerns about the company's ability to meet market expectations.

Pre-Earnings Positioning

Options Market

Implied Move

±16.29%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±16.3% while ACM has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

43.1%

Calls (5K)P/C Ratio: 1.15Puts (3K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AECOM beats expectations, history suggests a potential average one-day move of +1.73%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further clarity on future guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +1.65% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on major infrastructure projects and their expected contribution to revenue.
2Any commentary on cost management strategies and their impact on EPS.
3Insights into market demand for construction services in the upcoming quarters.
4Details on new contracts secured since the last earnings report.
5Management's outlook on the competitive landscape and potential challenges.