AECOM reported second-quarter revenues of $3.59 billion, down 14.2% year on year and 16.7% below analysts' expectations, the weakest performance against estimates and slowest revenue growth among the five engineering and design services stocks tracked. The company also posted a significant miss of analysts' EBITDA estimates and full-year EBITDA guidance that fell well short of expectations, sending its shares down 13.4% since the report to a current price of $63.50. Across the group, revenues beat consensus by 1.5% while next-quarter revenue guidance came in 0.9% below, and share prices have fallen an average of 15.3% since the latest results. EMCOR delivered the best quarter, with revenues of $5.15 billion, up 19.8% year on year and 9.4% above expectations, plus the group's highest full-year guidance raise, lifting its stock 8.9% to $732.20. Sterling posted the biggest estimate beat and fastest growth, with revenues of $1.17 billion, up 90.1% year on year and 12.1% above expectations, while MasTec revenues rose 23.4% to $4.37 billion and Dycom revenues climbed 45.6% to $2.01 billion.
Harbin Electric
MasTec Inc
EMCOR Group Inc
Sterling Infrastructure, Inc.
Aecom Technology Corporation
Dycom Industries Inc