AECOM
ACM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$42.00 | Xzkt | Nwdwxbjmc |
Aecom Earnings: We Expect Record Backlog to Drive Continued Growth in Second Half of Fiscal 2024
Aecom reported solid fiscal second-quarter results, as its adjusted EPS improved by 13% from the prior-year period. While nothing in the no-moat firm's earnings release materially alters our long-term outlook, we've bumped up our fair value estimate to $90 from $89 due to time value of money. We view the name as fairly valued at current levels.