The 10-second takeaway
For the quarter ended March 31 (Q2), AECOM Technology missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share expanded significantly.
Margins increased across the board.
AECOM Technology reported revenue of $1.99 billion. The seven analysts polled by S&P Capital IQ anticipated net sales of $2.08 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.53. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.51 per share. GAAP EPS of $0.53 for Q2 were 23% higher than the prior-year quarter's $0.43 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 5.0%, 120 basis points better than the prior-year quarter. Operating margin was 3.6%, 80 basis points better than the prior-year quarter. Net margin was 2.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.13 billion. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $8.36 billion. The average EPS estimate is $2.50.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 578 members out of 598 rating the stock outperform, and 20 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give AECOM Technology a green thumbs-up, and one 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 $32.88.
If you're interested in companies like AECOM Technology, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.
- Add AECOM Technology to My Watchlist.