AECOM Wins Contract to Support LA Metro's ZEB Transition

Zacks09-27

AECOM ACM won a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management, design and engineering services.Banking on its Sustainable Legacies ...

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On an impressive note, the initiative is one of the largest electric bus programs in the United States and is supported by the Infrastructure Investment and Jobs Act.The company’s shares have gained 11.6% so far this year, which is nearly one-third of the Zacks Engineering - R and D Services industry’s 36.2%","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4187":"航天航空与国防","BK4129":"建筑与工程","STRL":"Sterling Construction Company In","MPTI":"M-tron Industries","BK4148":"电子元件","HWM":"Howmet Aerospace Inc.","BK4585":"ETF&股票定投概念","LU2308191902.HKD":"BNP PARIBAS ECOSYSTEM RESTORATION \"CLASSIC\" (HKD) ACC","BK4588":"碎股","BK4516":"特朗普概念","ACM":"Aecom Technology Corporation"},"translate_title":"AECOM赢得支持洛杉矶地铁ZEB转型的合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACM":1,"HWM":1,"MPTI":1,"STRL":1},"content_text":"AECOM ACM won a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management, design and engineering services.Banking on its Sustainable Legacies strategy, ACM will support Metro’s ambitious goal of transitioning its bus fleet to Zero Emission Buses. Also, it will focus on charging infrastructure conceptual design, specification, and procurement. Its expertise will help guide the seamless transition to zero-emission operations, offering innovative solutions to complex transportation challenges.The sustainable and efficient transit system aims to reduce greenhouse gas emissions while improving air quality for Los Angeles County residents. On an impressive note, the initiative is one of the largest electric bus programs in the United States and is supported by the Infrastructure Investment and Jobs Act.\nACM’s Stock Performance\nThe company’s shares have gained 11.6% so far this year, which is nearly one-third of the Zacks Engineering - R and D Services industry’s 36.2% growth.\nImage Source: Zacks Investment Research\nThis Zacks Rank #4 (Sell) company has been ailing from labor shortages, particularly in skilled trades. Inflationary pressures, particularly in raw materials and energy, could also be bothering margins. This apart, broader economic uncertainties, such as fears of a recession or global economic slowdown, might be impacting the infrastructure sector. Investors could be cautious about long-term infrastructure spending, especially if government funding slows down.\nACM's Strong Backlog & Global Demand Drive Raises Hope\nMitigating the above-mentioned headwinds, AECOM has been experiencing robust growth across all its segments, backed by strong pipeline visibility for the upcoming quarters. Healthy state and local budgets, along with increased private sector investments in water and energy transitions, have contributed to this upward trend.Additionally, the U.K. water market is expected to see accelerated growth over the next five years, driven by a near doubling of AMP8 funding. AECOM’s deep expertise with major water utilities positions it well to benefit from this expansion.Global demand for infrastructure development is rising, further increasing the need for AECOM’s services. As of the fiscal third-quarter end, the total backlog was $23.36 billion compared with $23.21 billion reported in the prior-year period. The current backlog level includes 54.8% contracted backlog growth.Ongoing contract wins are expected to boost prospects. Global infrastructure spending trends remain strong, providing further opportunities for AECOM’s continued expansion.\nKey Picks\nSome better-ranked stocks in the same space are:Sterling Infrastructure, Inc. STRL presently sports a Zacks Rank #1 (Strong Buy). Sterling Infrastructure has a trailing four-quarter earnings surprise of 17.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for STRL’s 2024 sales and earnings per share (EPS) indicates a rise of 9.7% and 26.6%, respectively, from the prior-year levels.Howmet Aerospace Inc. HWM presently carries a Zacks Rank #2 (Buy). HWM has a trailing four-quarter earnings surprise of 10.9%, on average.The Zacks Consensus Estimate for HWM’s 2024 sales and EPS indicates a rise of 12.6% and 40.8%, respectively, from the prior-year levels.M-tron Industries, Inc. MPTI currently carries a Zacks Rank #2. It has topped earnings estimates in three of the trailing four quarters and missed once, with an average surprise of 9.2%.The Zacks Consensus Estimate for MPTI’s 2024 sales and EPS indicates a rise of 16.1% and 76.6%, respectively, from prior-year levels.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAECOM (ACM) : Free Stock Analysis Report\nSterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report\nHowmet Aerospace Inc. (HWM) : Free Stock Analysis Report\nM-tron Industries, Inc. (MPTI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470803463"}