Equity Profile

ACM

AECOM

IndustrialsConstruction & Engineering$8.8B

Aug3Mon

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

AECOM (ACM) is a global leader in construction and engineering services, focusing on infrastructure development and environmental solutions. With a market cap of $9 billion, the company plays a crucial role in shaping urban environments and addressing sustainability challenges, making it significant in the industrial sector.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth reflects the company's ability to secure new projects and expand its market presence.

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 reacted negatively the following day, indicating market caution.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about AECOM's upcoming earnings, especially given its strong historical EPS beat rate of 88%. However, concerns about revenue growth and project delays may temper enthusiasm.

Bull Case

If AECOM continues its trend of beating EPS estimates, it could signal strong operational performance and effective project management, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or reports weak revenue growth, it could raise concerns about its future prospects, resulting in a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current backlog of projects and how does it compare to previous quarters?

A growing backlog indicates strong future revenue potential, which is critical for investor confidence.

How does AECOM plan to address any potential project delays or cost overruns?

Management's strategy for mitigating risks can significantly impact future profitability and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AECOM's ability to secure new contracts, especially in the growing infrastructure sector, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

AECOM has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing in a significant move, indicating investor uncertainty that may not reflect the company's fundamentals.

Historical data shows a strong backlog trend that could support future growth.

Key Risk

If the backlog shows a significant increase, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around AECOM's ability to maintain a robust project pipeline and manage operational risks effectively.

Bull Confirmed If

A backlog increase of over 10% compared to the last quarter would confirm strong demand and operational efficiency.

Bear Confirmed If

A backlog decrease or stagnant growth could signal potential challenges in securing new projects.

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 investors are anticipating volatility around the earnings report.

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 positive stock reaction of around +1.65%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a negative reaction, with historical patterns indicating a potential decline of around +1.65%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the backlog of projects and any new contracts secured.
2Management's commentary on cost management and project execution.
3Insights into market demand for infrastructure services.
4Any changes in guidance for future quarters.
5Details on geographic or sector-specific performance.

See the full picture

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

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Revenue Growth

Revenue growth reflects the company's ability to secure new projects and expand its market presence.

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 reacted negatively the following day, indicating market caution.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If AECOM continues its trend of beating EPS estimates, it could signal strong operational performance and effective project management, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or reports weak revenue growth, it could raise concerns about its future prospects, resulting in a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current backlog of projects and how does it compare to previous quarters?

A growing backlog indicates strong future revenue potential, which is critical for investor confidence.

How does AECOM plan to address any potential project delays or cost overruns?

Management's strategy for mitigating risks can significantly impact future profitability and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AECOM's ability to secure new contracts, especially in the growing infrastructure sector, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

AECOM has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing in a significant move, indicating investor uncertainty that may not reflect the company's fundamentals.

Historical data shows a strong backlog trend that could support future growth.

Key Risk

If the backlog shows a significant increase, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around AECOM's ability to maintain a robust project pipeline and manage operational risks effectively.

Bull Confirmed If

A backlog increase of over 10% compared to the last quarter would confirm strong demand and operational efficiency.

Bear Confirmed If

A backlog decrease or stagnant growth could signal potential challenges in securing new projects.

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 investors are anticipating volatility around the earnings report.

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 positive stock reaction of around +1.65%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a negative reaction, with historical patterns indicating a potential decline of around +1.65%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the backlog of projects and any new contracts secured.
2Management's commentary on cost management and project execution.
3Insights into market demand for infrastructure services.
4Any changes in guidance for future quarters.
5Details on geographic or sector-specific performance.