AECOM Q4 Revenue Seen Down 6.9% to $3.74B After Q3 Miss
Analysts expect AECOM’s Q4 revenue to fall 6.9% year-over-year to $3.74 billion, following Q3’s $4.18 billion that missed estimates by 3.3% and left full-year EBITDA guidance short. Peers Construction Partners grew revenue 44.1% beating forecasts by 10.5%, while Matrix Service rose 12.5% but fell 2.3% shy.
1. Q3 Performance Review
In the third quarter, AECOM reported $4.18 billion in revenue, up 1.6% year-over-year but missing analyst forecasts by 3.3%. The company’s full-year EBITDA guidance also fell short of market expectations, marking its fifth revenue miss in two years.
2. Q4 Estimates and Expectations
For the upcoming fourth quarter, consensus revenue is $3.74 billion, a 6.9% decline from the prior year, with adjusted EPS forecast at $1.16 per share. Analysts have largely maintained these estimates over the past month, suggesting stability in the outlook heading into the report.
3. Peer Comparison and Sector Sentiment
Within engineering and construction, Construction Partners posted 44.1% revenue growth, beating estimates by 10.5%, while Matrix Service’s 12.5% rise fell 2.3% below forecasts. Segment shares are up an average of 8.7% over the last month, with AECOM climbing 1.5% and carrying an average analyst price target of $126.83.