ABM Industries Inc reports results for the quarter ended in July 31 - Earnings Summary

ABM Industries

06/09/2024 14:32

* ABM Industries Inc  ABM.N  reported quarterly adjusted
earnings
of 94 cents​​ per share for the quarter ended July 31, 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 86 cents per share. Wall Street
expected results to range from 84 cents to 88 cents per share.
    * Revenue rose 3.3% to $2.09 billion from a year ago;
analysts
expected $2.04 billion. 
    * ABM Industries Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $4.7 million.
    * ABM Industries Inc shares had risen by 10.9% this
quarter and
gained 25.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $52.00 
This summary was machine generated from LSEG data September 6 at
01:31 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
 Jul. 31 2024      0.86           0.94           Beat
 Apr. 30 2024      0.79           0.87           Beat
 Jan. 31 2024      0.71           0.86           Beat
 Oct. 31 2023      0.92           1.01           Beat