AECOM ( ACM Quick Quote ACM - Free Report) unveiled a digital platform — PipeInsights — to expand its Digital AECOM offerings. The PipeInsights platform uses advanced machine learning algorithms to support conventional CCTV inspections. This digital platform automatically detects defects and recommends optimal maintenance solutions to clients for superior rehabilitation and maintenance of their sewer systems. Also, it provides seamlessly integrated footage and safe results through simple geographic information system interface, which helps users to manage multiple sewer programs simultaneously from any mobile device. AECOM has been a leader in delivering safe, sanitary and resilient sewer system solutions via its Water business line. Its commitment to facing challenges with technological agility leads it toward client success. These new-age digital tools bolster AECOM’s capabilities and efficiency. Beverley Stinson, chief executive of AECOM’s global Water business, stated, “We’ve applied our digital expertise and decades of experience to mitigate the inefficiencies typically associated with inspections, using artificial intelligence to rapidly review CCTV footage and identify defects.” Digital AECOM & Project Execution Strengthen Profitability
AECOM is a leading solutions provider supporting professional, technical and management solutions for diverse industries across end markets like transportation, facilities, government and environmental, energy and water businesses. The major part of the U.S. government’s broad infrastructural plan is focused on transit and water markets, wherein AECOM enjoys a dominant position.
The company is benefiting from accelerated investments in organic growth and expanded digital capabilities through Digital AECOM. It recently developed and unveiled a proprietary IIJA-specific digital tool as part of the digital AECOM offering in response to urgent demand from clients to best position their projects for IIJA funding. AECOM also rolled out Program Management Delivery System and Toolkit, bringing together digital tools and technical capabilities to deliver world-class program management services. In addition, AECOM recently entered into a partnership with Microsoft to leverage its leading cloud technology and further enhance the PlanEngage offering. PlanEngage is now being promoted by Microsoft, creating another channel from which AECOM can deliver innovation to the marketplace. The company’s digital brand, which includes a portfolio of products to serve clients more holistically on their digital transformations, will be a key contributor toward achieving at least 15% adjusted operating margin target for 2024. Image Source: Zacks Investment Research
Shares of the company have outperformed the Zacks
Engineering - R and D Services industry in the past three months. This leading professional, technical and management solutions provider is witnessing a robust pipeline of pursuits across the business. It benefits from solid infrastructure spending in the U.K., Canada, Hong Kong and Australia. Zacks Rank & Other Key Picks
AECOM currently carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Arcosa, Inc. ( ACA Quick Quote ACA - Free Report) , currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days. United Rentals, Inc. ( URI Quick Quote URI - Free Report) , presently carrying a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets. Higher margins from rental revenues and used equipment sales are added benefits. The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth. Dycom Industries, Inc. ( DY Quick Quote DY - Free Report) is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers. Dycom, which currently sports a Zacks Rank #1, has expected earnings growth of 142.1% for fiscal 2023. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days.