ABM Industries Inc reports results for the quarter ended in January - Earnings Summary

ABM Industries

07/03/2024 14:34

* ABM Industries Inc  ABM.N  reported quarterly adjusted
earnings
of 86 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 79 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 71 cents per share. Wall Street
expected results to range from 65 cents to 74 cents per share.
    * Revenue rose 3.9% to $2.07 billion from a year ago;
analysts
expected $2.01 billion. 
    * ABM Industries Inc's reported EPS for the quarter was 70
cents​.
    * The company reported quarterly net income of $44.7
million.
    * ABM Industries Inc shares had fallen by 9.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for ABM Industries
Inc is $51.00 
This summary was machine generated from LSEG data March 7 at
02:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.71           0.86           Beat
 Oct. 31 2023      0.92           1.01           Beat
 Jul. 31 2023      0.89           0.79           Missed
 Apr. 30 2023      0.86           0.90           Beat