AECOM · ACM · 5 MIN READ

AECOM President's $298K Buy Now Underwater After Q3 Miss

AECOM posted a Q3 2026 net loss with EPS of -$0.50, a -134% miss against the $1.46 consensus, as a project charge ended three straight quarters of beats. President Lara Poloni's $298,341 purchase six

UPDATE August 13: KeyCorp issued a bearish price forecast for AECOM (ACM) on August 13, adding institutional weight to the selling pressure that followed the company's Q3 miss. The negative analyst call lands on top of an already bruised setup: a project charge triggered a quarterly loss that sent shares lower, and now a major Wall Street firm is signaling further downside. That combination — a fundamental stumble confirmed by earnings, followed by a sell-side call reinforcing it — materially weakens the bull case that had rested partly on insider buying activity. The insider buy flagged in the original article now sits underwater against both a disappointing quarter and deteriorating institutional sentiment, two forces that historically compound rather than offset each other. The key question from here is whether additional sell-side firms follow KeyCorp's lead. A cluster of downgrades or target cuts in the near term would signal that the Q3 charge has reset expectations broadly, not just at one bank. Watch the next analyst revision cycle and any management commentary on project pipeline visibility for signs that the charge was a one-time event rather than a structural margin problem.

AECOM Q3 Loss Leaves Insider's $298K Buy Underwater

AECOM (ACM) posted a quarterly net loss in Q3 2026 after a project charge drove EPS to -$0.50, against a consensus of $1.46, ending three straight quarters of beats. The catch: six weeks before the miss, President Lara Poloni spent $298,341 buying AECOM shares at $70.63; the stock now trades at $67.05.

AECOM (ACM) stock analysis
Image: Basis Report
The numbers
  • Q3 EPS: -$0.50 actual vs. $1.46 consensus; a project charge triggered the first net loss after three consecutive beats.
  • President Poloni's June 16 purchase of 4,224 shares at $70.63, the sole insider buy in 90 days, now sits underwater.
  • Consensus analyst target: $96.92 versus the $67.05 share price; forward P/E stands at 10.3x.
ACM 90-day price and volume, May 14 to Aug 11$71.35$75.84this story$67.05May 14Jun 29Aug 11
ACM 90-day price and volume, May 14 to Aug 11. Chart: Basis Report · market data at publish.

The Insider's Bet

AECOM is a Dallas-based infrastructure consulting firm with roughly 51,000 employees that designs and manages public and private projects across transportation networks, water systems, and environmental remediation through three segments: Americas, International, and AECOM Capital. Heading into Q3, the streak looked compelling: three consecutive beats, capped by a $1.59 actual versus $1.54 estimate per the May 11 earnings 8-K. Poloni's June 16 purchase of 4,224 shares at $70.63 was the only insider transaction in the 90-day window, with zero insider sales. Five days before she bought, AECOM filed an 8-K disclosing a new material financial obligation, a disclosure that would have been available to her.

What the Charge Did

A project charge transformed Q3 into a -134% EPS miss, per AECOM's August 10 earnings 8-K. Revenue held at $3.59 billion for the quarter, but trailing-twelve-month revenue is $15.39 billion, down 14.2% year-over-year, a decline that predates the Q3 stumble and frames how narrow the operating margins already were. AECOM runs at 5.7% gross margin on a trailing basis, so project-level charges translate into outsized bottom-line damage relative to headline revenue. With institutional investors holding 88.4% of shares and short interest at 7.0% of float, a print this far off consensus rarely resolves quietly.

HOW ACM STACKS UP, data at publish
TickerMkt capFwd P/E52-wk
ACM$8.6B10.4x-45.0%
J$17.4B17.9x-3.0%
KBR$4.7B9.2x-24.6%
TTEK$9.1B20.4x-4.7%
FLR$7.1B15.7x+24.2%
GVA$5.5B15.7x+12.7%

The Q4 Test

The central question now is whether the Q3 project charge was an isolated incident or the leading indicator of a more structural problem. At 10.3x forward P/E against a $96.92 consensus price target, the gap between what analysts price in and what the market offers is significant; investors can stress-test the earnings path with a DCF calculator. The number that changes the thesis: whether Q4 EPS returns toward AECOM's $2.59 trailing TTM figure or another charge surfaces. Poloni's paper loss and analyst conviction both resolve at the next print. Run the free AECOM deep-dive →

Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.

Frequently Asked Questions

What were AECOM's Q3 2026 earnings results?

AECOM reported Q3 2026 EPS of -$0.50, missing the $1.46 consensus estimate by 134%. A project charge drove the net loss, ending three consecutive quarters of earnings beats. The prior quarter had come in at $1.59 actual versus a $1.54 estimate.

Did AECOM insiders buy stock before the Q3 miss?

President Lara Poloni purchased 4,224 shares at $70.63 on June 16, spending $298,341 in the only insider transaction in the 90-day window, with zero insider sales. With the stock now trading at $67.05, the position is underwater.

What is the analyst price target for AECOM stock?

The consensus analyst price target for AECOM is $96.92, compared to the current share price of $67.05. The forward P/E stands at 10.3x.

What caused AECOM's Q3 2026 net loss?

A project charge was responsible for the -$0.50 EPS result, per AECOM's August 10 earnings 8-K. AECOM's 5.7% trailing gross margin means project-level charges translate into outsized bottom-line damage relative to headline revenue of $3.59 billion for the quarter.

What is AECOM's trailing twelve-month revenue?

AECOM's trailing-twelve-month revenue was $15.39 billion as of Q3, down 14.2% year-over-year. Q3 quarterly revenue held at $3.59 billion despite the earnings miss.

AECOM swung to a quarterly loss in Q3 2026 after a project charge drove EPS to -$0.50 against a $1.46 consensus estimate — ending three straight quarters of beats. The miss lands six weeks after President Lara Poloni spent $298,341 buying AECOM stock at $70.63, a price now above where shares trade.
ANALYSIS
ACM
AECOM
AECOM President's $298K Buy Now Underwater After Q3 Miss
3 FREE REPORTS · NO CARD REQUIRED

The Report · ACM

Pull the ACM report

From the same desk that filed this story. This article stays free · 3 reports on the house.

Pull the ACM report →