Movement Alert|AECOM Rises 5.22% in Regular Trading, Recovery Rebound Following Post-Earnings Selloff

Market Focus
Aug 20

On August 20, AECOM rose 5.22% in regular trading, trading at $65.15/share with turnover of $114 million. The stock is experiencing a technical rebound following a sharp selloff triggered by disappointing fiscal Q3 results released on August 11.

AECOM reported a fiscal Q3 adjusted loss of $0.50 per diluted share, significantly missing the analyst consensus estimate of $1.47 and swinging from earnings of $1.34 a year earlier. Revenue declined 14% year-over-year to $3.59 billion. The company slashed its full-year adjusted EPS guidance to $3.95-$4.15, far below the prior range of $5.90-$6.10 and the analyst estimate of $5.96. Following the report, RBC cut its price target to $90 from $105 while maintaining an Outperform rating, and BofA Securities reduced its target to $81 from $94.50. Notably, AECOM reaffirmed its long-term financial targets, projecting adjusted EPS CAGR exceeding 15% from FY26 to FY29 and targeting a 20%-plus margin exit rate by FY28, which may be providing a floor for the recovery.

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