Equity Profile

ACM

AECOM

IndustrialsConstruction & Engineering$9.1B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

AECOM (ACM) is a global engineering and construction firm that provides infrastructure and environmental services. As a key player in the industrial sector, AECOM is involved in major projects that impact urban development and sustainability, making its performance relevant in discussions about economic growth and infrastructure investment.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

$1.58

Revenue Growth

Revenue growth reflects the company's ability to secure new contracts and manage existing projects effectively, impacting overall performance.

N/A

1 more metrics, 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 fell 1.35% the following day, indicating market caution despite the earnings beat.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding into new markets.
Plans to enhance sustainability practices in projects.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about AECOM's upcoming earnings, given its historical performance of beating EPS estimates. However, the lack of revenue guidance adds uncertainty.

Bull Case

If AECOM continues its trend of beating EPS estimates and reports strong project backlog growth, it could signal robust future performance and drive the stock higher.

Bear Case

Conversely, if the company fails to meet EPS expectations or provides weak guidance on revenue and project backlog, it could lead to a significant sell-off.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.58

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

Revenue Growth

N/A

Revenue growth reflects the company's ability to secure new contracts and manage existing projects effectively, impacting overall performance.

Project Backlog

N/A

A strong project backlog indicates future revenue potential and operational stability, which is vital for investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected project backlog for the upcoming quarter?

A strong backlog is essential for future revenue and growth, and any decline could raise concerns about the company's pipeline.

How does AECOM plan to improve operational efficiency in light of rising costs?

With inflation and supply chain issues affecting the industry, effective cost management will be critical for maintaining profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AECOM's ability to manage costs effectively, particularly in a challenging economic environment. This could lead to a stronger-than-expected EPS performance.

Supporting Evidence

AECOM has consistently beaten EPS estimates in the past, with an 88% success rate.

The options market is pricing a larger move than historical averages, suggesting traders expect significant volatility.

Management's focus on operational efficiency could mitigate cost pressures.

Key Risk

If project backlog growth exceeds expectations, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on AECOM's ability to manage costs and secure new projects amid economic uncertainties.

Bull Confirmed If

An EPS of $1.60 or higher, coupled with a project backlog increase of at least 10%, would confirm the bull case.

Bear Confirmed If

An EPS below $1.55 or a decline in project backlog would support 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 of about 16.29%, 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 4.8%, with a raw directional average of +1.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AECOM beats EPS expectations and raises guidance, history suggests a potential stock increase of around 1.65% based on past performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors digest the news.

Miss

If AECOM misses EPS estimates, the average historical reaction suggests a potential decline of about 1.65%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new contract wins and project backlog.
2Details on cost management strategies in response to inflation.
3Any commentary on market conditions and demand for infrastructure services.
4Insights into sustainability initiatives and their impact on future projects.
5Management's outlook for the remainder of the fiscal year.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

$1.58

Revenue Growth

Revenue growth reflects the company's ability to secure new contracts and manage existing projects effectively, impacting overall performance.

N/A

1 more metrics, 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 fell 1.35% the following day, indicating market caution despite the earnings beat.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding into new markets.
Plans to enhance sustainability practices in projects.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about AECOM's upcoming earnings, given its historical performance of beating EPS estimates. However, the lack of revenue guidance adds uncertainty.

Bull Case

If AECOM continues its trend of beating EPS estimates and reports strong project backlog growth, it could signal robust future performance and drive the stock higher.

Bear Case

Conversely, if the company fails to meet EPS expectations or provides weak guidance on revenue and project backlog, it could lead to a significant sell-off.

Key Metrics to Watch

Earnings Per Share (EPS)

$1.58

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor this quarter.

Revenue Growth

N/A

Revenue growth reflects the company's ability to secure new contracts and manage existing projects effectively, impacting overall performance.

Project Backlog

N/A

A strong project backlog indicates future revenue potential and operational stability, which is vital for investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the projected project backlog for the upcoming quarter?

A strong backlog is essential for future revenue and growth, and any decline could raise concerns about the company's pipeline.

How does AECOM plan to improve operational efficiency in light of rising costs?

With inflation and supply chain issues affecting the industry, effective cost management will be critical for maintaining profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AECOM's ability to manage costs effectively, particularly in a challenging economic environment. This could lead to a stronger-than-expected EPS performance.

Supporting Evidence

AECOM has consistently beaten EPS estimates in the past, with an 88% success rate.

The options market is pricing a larger move than historical averages, suggesting traders expect significant volatility.

Management's focus on operational efficiency could mitigate cost pressures.

Key Risk

If project backlog growth exceeds expectations, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on AECOM's ability to manage costs and secure new projects amid economic uncertainties.

Bull Confirmed If

An EPS of $1.60 or higher, coupled with a project backlog increase of at least 10%, would confirm the bull case.

Bear Confirmed If

An EPS below $1.55 or a decline in project backlog would support 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 of about 16.29%, 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 EPS expectations and raises guidance, history suggests a potential stock increase of around 1.65% based on past performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors digest the news.

Miss

If AECOM misses EPS estimates, the average historical reaction suggests a potential decline of about 1.65%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new contract wins and project backlog.
2Details on cost management strategies in response to inflation.
3Any commentary on market conditions and demand for infrastructure services.
4Insights into sustainability initiatives and their impact on future projects.
5Management's outlook for the remainder of the fiscal year.