In the latest quarter, AECOM (ACM, Financial) reported revenues of $3.772 billion, falling short of predictions which stood at $4.17 billion. Despite global political fluctuations affecting operations, AECOM's CEO Troy Rudd expressed confidence in the company's continued achievement of financial and strategic objectives. This performance has prompted an upward adjustment to their financial guidance for the second quarter in a row.
AECOM is leveraging ongoing investments to enhance its capabilities and widen its market reach, creating a strong competitive edge. This was exemplified by their recent selection as the Official Venue Infrastructure Partner for the LA28 Olympic and Paralympic Games. Their expertise in delivering comprehensive services such as architecture, engineering, and construction management played a crucial role in this selection. Rudd also highlighted the robust global demand for infrastructure, energy, and sustainability as key drivers of the company's anticipated long-term growth, reinforcing resilience against short-term challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for AECOM (ACM, Financial) is $117.95 with a high estimate of $140.00 and a low estimate of $106.50. The average target implies an upside of 15.43% from the current price of $102.18. More detailed estimate data can be found on the AECOM (ACM) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, AECOM's (ACM, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AECOM (ACM, Financial) in one year is $113.77, suggesting a upside of 11.34% from the current price of $102.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AECOM (ACM) Summary page.
