AECOM

ACM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$78.00	Mbmk	Pmbgwbkml

Aecom Earnings: Fiscal 2024 Outlook Maintained After Solid Profits

Krzysztof Smalec

Feb 6, 2024

Aecom reported solid fiscal first-quarter fiscal 2024 results, featuring a 25% year-over-year increase in adjusted EPS, from $0.84 to $1.05. We’ve modestly raised our fair value estimate to $89 from $88, mostly due to the time value of money. We see shares as fairly valued at current levels.

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