AECOM Posts Surprise Q3 Adjusted Loss of 50 Cents Per Share
ACM is trading near its 52-week low of $66.28 (11% above the low).
Summary
AECOM reported an adjusted loss of 50 cents per share for its fiscal third quarter, a sharp reversal from the strong EPS growth highlighted in its Q2 report just three months ago. Revenue for the quarter was $3.59 billion. The loss is a material negative surprise for a company that had been raising guidance and aggressively buying back stock. With a $9.4 billion market cap and shares near $73, this miss will force traders to reassess the earnings trajectory and the sustainability of the $1 billion buyback program. The next earnings call will be critical for management to explain the drivers of the loss and whether it reflects a one-time charge or a deeper operational setback.
At the time of this announcement, ACM was trading at $73.41 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $66.28 to $135.52. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.