AECOM's shares have dropped 1.5% since its fiscal third-quarter earnings report, underperforming the S&P 500, as the company posted a sharp loss due to a $337 million pre-tax charge on a Construction Management project. The charge pushed adjusted EPS to a loss of 50 cents, down 137.3% from $1.34 a year ago and missing the Zacks Consensus Estimate of $1.49. Net service revenues fell 16% to $1.61 billion, also missing expectations. The company updated its fiscal 2026 guidance, now expecting adjusted EPS of $3.95-$4.15, adjusted EBITDA of $935-$965 million, and net service revenues of $7.30-$7.35 billion, reflecting the charge and lower growth. Excluding the charge, adjusted EPS would be $5.90-$6.10. Despite record wins of $4.2 billion in the quarter, operating cash flow declined 66% to $95.2 million, and management expects cash-use headwinds to continue into the first half of fiscal 2027. Estimates have trended upward over the past month, but AECOM holds a Zacks Rank #5 (Strong Sell), indicating expected underperformance.
Aecom Technology CorporationQ3 loss and guidance cut due to $337M charge
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