Amentum (AMTM) Q1 Earnings: What To Expect

Government engineering solutions provider Amentum Holdings (NYSE:AMTM) will be announcing earnings results this Monday afternoon. Here’s what investors should know.

Amentum missed analysts’ revenue expectations last quarter, reporting revenues of $3.24 billion, down 5.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and full-year revenue guidance slightly missing analysts’ expectations.

Is Amentum a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Amentum’s revenue to be flat year on year, slowing from its flat revenue in the same quarter last year.Amentum Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amentum rarely misses Wall Street’s revenue estimates.

Looking at Amentum’s peers in the government & technical consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. UL Solutions delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 1.2%, and Jacobs Solutions reported revenues up 8.8%, topping estimates by 2%. UL Solutions traded up 16.4% following the results while Jacobs Solutions was down 7.4%.

Read our full analysis of UL Solutions’s results here and Jacobs Solutions’s results here.

There has been positive sentiment among investors in the government & technical consulting segment, with share prices up 10.9% on average over the last month. Amentum is down 6.5% during the same time and is heading into earnings with an average analyst price target of $36.55 (compared to the current share price of $24.57).

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