Aecon Group Future Growth

Future criteria checks 0/6

Aecon Group's earnings are forecast to decline at 21.9% per annum while its annual revenue is expected to grow at 3% per year. EPS is expected to decline by 37.3% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

-21.9%

Earnings growth rate

-37.3%

EPS growth rate

Construction earnings growth	23.2%
Revenue growth rate	3.0%
Future return on equity	8.6%
Analyst coverage	Good
Last updated	26 Apr 2024

Recent future growth updates

Recent updates

If You Like EPS Growth Then Check Out Aecon Group (TSE:ARE) Before It's Too Late

Oct 05

These 4 Measures Indicate That Aecon Group (TSE:ARE) Is Using Debt Reasonably Well

Sep 09

Here's Why We Think Aecon Group (TSE:ARE) Is Well Worth Watching

Jun 10

What Is Aecon Group Inc.'s (TSE:ARE) Share Price Doing?

May 26

Aecon Group Inc. (TSE:ARE) Shares Could Be 38% Below Their Intrinsic Value Estimate

May 11

Is It Worth Buying Aecon Group Inc. (TSE:ARE) For Its 3.7% Dividend Yield?

Apr 28

Earnings and Revenue Growth Forecasts

TSX:ARE - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,435	N/A	N/A	N/A	1
12/31/2025	4,653	115	124	232	13
12/31/2024	4,359	65	-37	130	12
3/31/2024	4,383	165	1	31	N/A
12/31/2023	4,644	162	27	51	N/A
9/30/2023	4,780	172	-121	-88	N/A
6/30/2023	4,861	73	-252	-209	N/A
3/31/2023	4,818	38	-122	-80	N/A
12/31/2022	4,696	30	-155	-114	N/A
9/30/2022	4,518	23	-113	-77	N/A
6/30/2022	4,361	27	-120	-94	N/A
3/31/2022	4,209	51	-174	-143	N/A
12/31/2021	3,977	50	-73	-31	N/A
9/30/2021	3,966	70	18	109	N/A
6/30/2021	3,842	105	155	262	N/A
3/31/2021	3,650	81	124	242	N/A
12/31/2020	3,644	88	134	273	N/A
9/30/2020	3,484	76	206	333	N/A
6/30/2020	3,470	45	31	186	N/A
3/31/2020	3,558	71	-5	187	N/A
12/31/2019	3,460	73	-9	196	N/A
9/30/2019	3,492	81	-326	-77	N/A
6/30/2019	3,486	80	-155	106	N/A
3/31/2019	3,373	68	147	385	N/A
12/31/2018	3,266	59	154	369	N/A
9/30/2018	3,003	52	384	545	N/A
6/30/2018	2,743	35	284	421	N/A
3/31/2018	2,674	27	-24	90	N/A
12/31/2017	2,806	28	N/A	197	N/A
9/30/2017	2,966	36	N/A	113	N/A
6/30/2017	3,044	39	N/A	132	N/A
3/31/2017	3,197	45	N/A	174	N/A
12/31/2016	3,213	47	N/A	27	N/A
9/30/2016	3,242	65	N/A	65	N/A
6/30/2016	3,279	64	N/A	26	N/A
3/31/2016	3,107	69	N/A	95	N/A
12/31/2015	2,918	69	N/A	58	N/A
9/30/2015	2,766	50	N/A	43	N/A
6/30/2015	2,731	64	N/A	85	N/A
3/31/2015	2,654	39	N/A	40	N/A
12/31/2014	2,614	30	N/A	75	N/A
9/30/2014	2,798	30	N/A	104	N/A
6/30/2014	2,855	25	N/A	76	N/A
3/31/2014	2,963	45	N/A	96	N/A
12/31/2013	3,069	41	N/A	134	N/A
9/30/2013	3,095	69	N/A	110	N/A
6/30/2013	3,018	70	N/A	38	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARE's earnings are forecast to decline over the next 3 years (-21.9% per year).

Earnings vs Market: ARE's earnings are forecast to decline over the next 3 years (-21.9% per year).

High Growth Earnings: ARE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ARE's revenue (3% per year) is forecast to grow slower than the Canadian market (6.6% per year).

High Growth Revenue: ARE's revenue (3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ARE's Return on Equity is forecast to be low in 3 years time (8.6%).

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Aecon Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 7.0% to CA$19.31

Consensus EPS estimates fall by 11%

Price target increased by 7.2% to CA$14.02

Consensus EPS estimates increase by 115%, revenue downgraded

Consensus EPS estimates fall by 16%, revenue upgraded

Consensus EPS estimates fall by 20%

Recent updates

Price target increased by 7.0% to CA$19.31

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% overvalued after recent price rise

Now 20% overvalued after recent price rise

Corporate Independent Director recently bought CA$114k worth of stock

Aecon Group Inc. to Report Q1, 2024 Results on Apr 24, 2024

Upcoming dividend of CA$0.19 per share

Concerns Surrounding Aecon Group's (TSE:ARE) Performance

Consensus EPS estimates fall by 11%

Aecon Group Inc. Appoints Jerome Julier as Chief Financial Officer, Effective April 8, 2024

New minor risk - Earnings quality

Fourth quarter dividend increased to CA$0.19

Aecon Group Inc., Annual General Meeting, Jun 04, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Aecon Group Inc., Annual General Meeting, Jun 04, 2024

Price target increased by 7.2% to CA$14.02

Aecon Group Inc. to Report Q4, 2023 Results on Mar 05, 2024

Insider recently sold CA$121k worth of stock

Aecon Group Inc. Announces Departure of Its Chief Financial Officer, David Smales Effective January 26, 2024

Aecon Group Inc. Announces Upcoming Departure of David Smales, Executive Vice President Effective January 26, 2024

Aecon Group Inc. Announces Quarterly Dividend, Payable on January 3, 2024

Non-Executive Chairman recently bought CA$98k worth of stock

Consensus EPS estimates increase by 115%, revenue downgraded

New major risk - Revenue and earnings growth

Now 27% undervalued after recent price drop

Connor, Clark & Lunn Infrastructure Ltd. completed the acquisition of 49.9% stake in Bermuda Airport from Aecon Group Inc. (TSX:ARE) for $120 million.

Aecon Group Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of CA$0.18 per share at 6.8% yield

Aecon Group (TSE:ARE) Has Announced A Dividend Of CA$0.185

Consensus EPS estimates fall by 16%, revenue upgraded

New major risk - Earnings quality

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Aecon Group Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of CA$0.18 per share at 5.6% yield

Aecon Group (TSE:ARE) Has Announced A Dividend Of CA$0.185

Aecon Group Approves Quarterly Dividend Payable on July 5, 2023

Consensus EPS estimates fall by 20%

Aecon Group (TSE:ARE) Takes On Some Risk With Its Use Of Debt

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

President recently sold CA$1.1m worth of stock

Upcoming dividend of CA$0.18 per share at 5.6% yield

Consensus EPS estimates increase by 15%, revenue downgraded

Investor sentiment improves as stock rises 24%

Is Now An Opportune Moment To Examine Aecon Group Inc. (TSE:ARE)?

Aecon Group (TSE:ARE) Is Due To Pay A Dividend Of CA$0.185

Price target increased by 7.4% to CA$13.35

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Aecon Group Inc. to Report Fiscal Year 2022 Results on Feb 28, 2023

These 4 Measures Indicate That Aecon Group (TSE:ARE) Is Using Debt Extensively

Aecon Group Inc. Announces the Retirement of John W. Brace from the Board of Directors

Upcoming dividend of CA$0.18 per share

Aecon Group Inc. Announces Quarterly Dividend, Payable on January 4, 2023

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

Aecon Group Inc. to Report Q3, 2022 Results on Oct 26, 2022

Here's Why Aecon Group (TSE:ARE) Has A Meaningful Debt Burden

Consensus forecasts updated

Insufficient new directors

Price target decreased to CA$15.98

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Aecon Group Inc. Announces Quarterly Dividend, Payable on October 4, 2022

Insufficient new directors

Is Now The Time To Look At Buying Aecon Group Inc. (TSE:ARE)?

Aecon Group Inc. to Report Q2, 2022 Results on Jul 28, 2022

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.18 per share

Consensus EPS estimates fall by 12%