Aecon Group Past Earnings Performance

Past criteria checks 4/6

Aecon Group has been growing earnings at an average annual rate of 11.1%, while the Construction industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 8% per year. Aecon Group's return on equity is 15.7%, and it has net margins of 3.8%.

Key information

11.1%

Earnings growth rate

10.4%

EPS growth rate

Construction Industry Growth	9.5%
Revenue growth rate	8.0%
Return on equity	15.7%
Net Margin	3.8%
Last Earnings Update	31 Mar 2024

Recent past performance updates

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

Mar 12

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

Revenue & Expenses Breakdown
Beta

How Aecon Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:ARE Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	4,383	165	176
31 Dec 23	4,644	162	178
30 Sep 23	4,780	172	174
30 Jun 23	4,861	73	188
31 Mar 23	4,818	38	198
31 Dec 22	4,696	30	196
30 Sep 22	4,518	23	189
30 Jun 22	4,361	27	189
31 Mar 22	4,209	51	181
31 Dec 21	3,977	50	175
30 Sep 21	3,966	70	178
30 Jun 21	3,842	105	174
31 Mar 21	3,650	81	170
31 Dec 20	3,644	88	173
30 Sep 20	3,484	76	181
30 Jun 20	3,470	45	184
31 Mar 20	3,558	71	190
31 Dec 19	3,460	73	183
30 Sep 19	3,492	81	175
30 Jun 19	3,486	80	177
31 Mar 19	3,373	68	175
31 Dec 18	3,266	59	179
30 Sep 18	3,003	52	181
30 Jun 18	2,743	35	184
31 Mar 18	2,674	27	185
31 Dec 17	2,806	28	187
30 Sep 17	2,966	36	186
30 Jun 17	3,044	39	182
31 Mar 17	3,197	45	182
31 Dec 16	3,213	47	178
30 Sep 16	3,242	65	177
30 Jun 16	3,279	64	174
31 Mar 16	3,107	69	173
31 Dec 15	2,918	69	173
30 Sep 15	2,766	50	172
30 Jun 15	2,731	64	167
31 Mar 15	2,654	39	167
31 Dec 14	2,614	30	167
30 Sep 14	2,798	30	157
30 Jun 14	2,855	25	154
31 Mar 14	2,963	45	148
31 Dec 13	3,069	41	148
30 Sep 13	3,095	69	152
30 Jun 13	3,018	70	161

Quality Earnings: ARE has a large one-off gain of CA$211.2M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: ARE's current net profit margins (3.8%) are higher than last year (0.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ARE's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: ARE's earnings growth over the past year (330.4%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: ARE earnings growth over the past year (330.4%) exceeded the Construction industry 85.9%.

Return on Equity

High ROE: ARE's Return on Equity (15.7%) is considered low.

Return on Assets

Return on Capital Employed

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Aecon Group Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

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

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

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

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

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

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%

Revenue & Expenses Breakdown
Beta