Aecon Group Inc (TSX:ARE, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $1.25 billion, and the earnings are expected to come in at $0.78 per share. The full year 2024's revenue is expected to be $4.14 billion and the earnings are expected to be $-0.79 per share. More detailed estimate data can be found on the Forecast page.
Aecon Group Inc (TSX:ARE, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Aecon Group Inc (TSX:ARE) for the full year 2024 have declined from $4.16 billion to $4.14 billion, and for 2025, from $4.61 billion to $4.55 billion. Earnings estimates have also seen adjustments; for the full year 2024, they have declined from $-0.77 per share to $-0.79 per share, while for 2025, they have increased from $1.42 per share to $1.43 per share.
Aecon Group Inc (TSX:ARE, Financial) Reported History
In the previous quarter of June 30, 2024, Aecon Group Inc's (TSX:ARE) actual revenue was $853.78 million, which missed analysts' revenue expectations of $1.02 billion by -15.95%. Aecon Group Inc's (TSX:ARE) actual earnings were $-1.99 per share, which beat analysts' earnings expectations of $-2.47 per share by 19.34%. After releasing the results, Aecon Group Inc (TSX:ARE) was down by -3.27% in one day.
Aecon Group Inc (TSX:ARE, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for Aecon Group Inc (TSX:ARE) is $24.59 with a high estimate of $31 and a low estimate of $16.50. The average target implies an upside of 7.1% from the current price of $22.96.
Based on GuruFocus estimates, the estimated GF Value for Aecon Group Inc (TSX:ARE, Financial) in one year is $15.74, suggesting a downside of -31.45% from the current price of $22.96.
Based on the consensus recommendation from 11 brokerage firms, Aecon Group Inc's (TSX:ARE, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
