Back to top

Image: Shutterstock

What's in Store for ABM Industries (ABM) in Q2 Earnings?

Read MoreHide Full Article

ABM Industries Inc. (ABM - Free Report) is scheduled to report second-quarter fiscal 2021 results on Jun 8, after market close.

Let’s check out how things have shaped up for the announcement.

Q2 Expectations

The Zacks Consensus Estimate for the company’s second-quarter fiscal 2021 revenues is pegged at $1.50 billion, indicating 0.3% year-over-year growth. The expected upside can be attributed to huge demand for disinfection-related work orders and EnhancedClean services in the Business & Industry and Technology & Manufacturing segments. 

The consensus mark for earnings stands at 75 cents per share, suggesting 25% growth year on year. The bottom line is likely to have benefited from higher margin improvement in Work Orders and EnhancedClean services as clients continue to incorporate disinfection into their operations. Persistent management of direct labor to align with the operating environment is also an added positive.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

ABM Industries has an Earnings ESP of +8.73% and a Zacks Rank #4 (Sell).

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings.

Gartner (IT - Free Report) has an Earnings ESP of +7.52% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Clean Harbors (CLH - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #2.

Copart (CPRT - Free Report) has an Earnings ESP of +1.38% and a Zacks Rank #2.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

In-Depth Zacks Research for the Tickers Above

Choose a ticker to receive a FREE report - normally $25 each:

ABM Industries Incorporated (ABM) - free report >>

Gartner, Inc. (IT) - free report >>

Copart, Inc. (CPRT) - free report >>

Clean Harbors, Inc. (CLH) - free report >>