ABM Industries Inc. (ABM - Free Report) is scheduled to report third-quarter fiscal 2019 results on Sep 5, after the bell.
Shares of ABM Industries have gained 17.4% year to date, outperforming the 9.5% rally of the industry it belongs to.
Expectations This Time Around
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $1.65 billion, indicating year-over-year growth of 1.5%. The expected increase is likely to be driven by organic growth in the company’s U.S. Technical Solutions business.
In second-quarter fiscal 2019, total revenues of $1.59 billion increased 0.9 % year over year. Organic revenue growth was 1.7%.
The consensus mark for earnings stands at 58 cents, indicatingyear-over-year growth of 1.8%. The bottom line is likely to benefit from adoption of Accounting Standards Codification ("ASC") 606 and higher margin revenue contribution from Technical Solutions segment.
In second-quarter fiscal 2019, adjusted earnings of 47 cents per share were flat year over year.
What Our Model Says
A company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ABM has an Earnings ESP of -0.57% and Zacks Rank #3.
Stocks to Consider
Some better-ranked stocks in the broader Zacks Business Services sector include Fiserv , Booz Allen Hamilton (BAH - Free Report) and Charles River Associates (CRAI - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected EPS (three to five years) growth rate for Fiserv, Booz Allen and Charles River is 12%, 13% and 13%, respectively.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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ABM Industries Inc. (ABM - Free Report) is scheduled to report third-quarter fiscal 2019 results on Sep 5, after the bell.
Shares of ABM Industries have gained 17.4% year to date, outperforming the 9.5% rally of the industry it belongs to.
Expectations This Time Around
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $1.65 billion, indicating year-over-year growth of 1.5%. The expected increase is likely to be driven by organic growth in the company’s U.S. Technical Solutions business.
In second-quarter fiscal 2019, total revenues of $1.59 billion increased 0.9 % year over year. Organic revenue growth was 1.7%.
The consensus mark for earnings stands at 58 cents, indicatingyear-over-year growth of 1.8%. The bottom line is likely to benefit from adoption of Accounting Standards Codification ("ASC") 606 and higher margin revenue contribution from Technical Solutions segment.
In second-quarter fiscal 2019, adjusted earnings of 47 cents per share were flat year over year.
What Our Model Says
A company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ABM has an Earnings ESP of -0.57% and Zacks Rank #3.
Stocks to Consider
Some better-ranked stocks in the broader Zacks Business Services sector include Fiserv , Booz Allen Hamilton (BAH - Free Report) and Charles River Associates (CRAI - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected EPS (three to five years) growth rate for Fiserv, Booz Allen and Charles River is 12%, 13% and 13%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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