The 10-second takeaway
For the quarter ended Dec. 31 (Q1), AECOM Technology met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.
Margins dropped across the board.
AECOM Technology chalked up revenue of $2.02 billion. The eight analysts polled by S&P Capital IQ anticipated a top line of $2.01 billion on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $2.03 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.36. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.33 per share. GAAP EPS of $0.36 for Q1 were 14% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.9%, 60 basis points worse than the prior-year quarter. Operating margin was 2.8%, 50 basis points worse than the prior-year quarter. Net margin was 1.9%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.06 billion. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $8.29 billion. The average EPS estimate is $2.45.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 589 members out of 609 rating the stock outperform, and 20 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give AECOM Technology a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AECOM Technology is outperform, with an average price target of $24.31.
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