Equity Profile

ACM

AECOM

IndustrialsConstruction & Engineering$8.2B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

AECOM (ACM) is a global leader in construction and engineering, providing essential services for infrastructure projects. With a market cap of $8 billion, the company plays a crucial role in sectors like transportation, water, and environmental solutions, which are increasingly important as governments invest in infrastructure improvements.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

$1.46

Revenue

Total revenue gives insight into the company's overall sales performance and market demand for its services.

$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 exceeding expectations. However, the stock experienced a decline of 1.35% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about AECOM's upcoming earnings, with expectations for solid EPS and revenue figures. The company has a strong track record of beating earnings estimates.

Bull Case

If AECOM can exceed the consensus EPS of $1.46, it may signal robust demand and effective cost management, leading to positive market sentiment.

Bear Case

Conversely, if the company misses earnings expectations or provides weak guidance, it could raise concerns about future growth and project delays.

Key Metrics to Watch

EPS

$1.46

Earnings per share is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

Revenue

$4.4B

Total revenue gives insight into the company's overall sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM achieve an EPS of $1.46 or higher?

This figure is critical as it sets the tone for market expectations and reflects the company's operational efficiency.

What guidance will management provide for future revenue growth?

Future revenue guidance will help investors assess the company's outlook amidst changing market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AECOM's ability to capitalize on recent infrastructure spending trends, which could lead to stronger-than-expected earnings.

Supporting Evidence

AECOM has historically beaten EPS estimates 88% of the time, indicating strong operational performance.

The options market is pricing a significant move, suggesting heightened expectations that could be based on recent project wins.

The company's recent EPS surprises have shown a trend of exceeding expectations, which may not be fully reflected in current consensus.

Key Risk

If AECOM's revenue growth exceeds $4.4B, it could challenge current market expectations and lead to a positive reassessment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on AECOM's ability to sustain profitability and growth amid potential economic challenges.

Bull Confirmed If

Achieving an EPS of $1.46 or higher, coupled with positive revenue guidance, would confirm the bull case.

Bear Confirmed If

An EPS below $1.39 or weak revenue guidance would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±16.29%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

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 +1.65%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the market may react cautiously, leading to minimal movement as investors await further 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

1Any updates on major infrastructure projects and their expected impact on revenue.
2Management's commentary on cost management and efficiency improvements.
3Insights into regional performance and demand trends in key markets.
4Guidance on future revenue growth and project pipeline.
5Discussion of any potential risks or challenges facing the company.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

$1.46

Revenue

Total revenue gives insight into the company's overall sales performance and market demand for its services.

$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 exceeding expectations. However, the stock experienced a decline of 1.35% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about AECOM's upcoming earnings, with expectations for solid EPS and revenue figures. The company has a strong track record of beating earnings estimates.

Bull Case

If AECOM can exceed the consensus EPS of $1.46, it may signal robust demand and effective cost management, leading to positive market sentiment.

Bear Case

Conversely, if the company misses earnings expectations or provides weak guidance, it could raise concerns about future growth and project delays.

Key Metrics to Watch

EPS

$1.46

Earnings per share is a key indicator of profitability and reflects the company's ability to generate earnings for shareholders.

Revenue

$4.4B

Total revenue gives insight into the company's overall sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AECOM achieve an EPS of $1.46 or higher?

This figure is critical as it sets the tone for market expectations and reflects the company's operational efficiency.

What guidance will management provide for future revenue growth?

Future revenue guidance will help investors assess the company's outlook amidst changing market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AECOM's ability to capitalize on recent infrastructure spending trends, which could lead to stronger-than-expected earnings.

Supporting Evidence

AECOM has historically beaten EPS estimates 88% of the time, indicating strong operational performance.

The options market is pricing a significant move, suggesting heightened expectations that could be based on recent project wins.

The company's recent EPS surprises have shown a trend of exceeding expectations, which may not be fully reflected in current consensus.

Key Risk

If AECOM's revenue growth exceeds $4.4B, it could challenge current market expectations and lead to a positive reassessment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on AECOM's ability to sustain profitability and growth amid potential economic challenges.

Bull Confirmed If

Achieving an EPS of $1.46 or higher, coupled with positive revenue guidance, would confirm the bull case.

Bear Confirmed If

An EPS below $1.39 or weak revenue guidance would validate the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±16.29%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

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 +1.65%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the market may react cautiously, leading to minimal movement as investors await further 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

1Any updates on major infrastructure projects and their expected impact on revenue.
2Management's commentary on cost management and efficiency improvements.
3Insights into regional performance and demand trends in key markets.
4Guidance on future revenue growth and project pipeline.
5Discussion of any potential risks or challenges facing the company.