Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
ABM Industries Incorporated (ABM) - free report >>
Green Dot Corporation (GDOT) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ABM Industries Incorporated (ABM) - free report >>
Green Dot Corporation (GDOT) - free report >>
Image: Shutterstock
Is a Beat in Store for ABM Industries (ABM) in Q3 Earnings?
ABM Industries Inc. (ABM - Free Report) is scheduled to report third-quarter fiscal 2021 results on Sep 8, after market close.
Let’s check out how things have shaped up for the announcement.
Q3 Expectations
The Zacks Consensus Estimate for the company’s third-quarter fiscal 2021 revenues is pegged at $1.52 billion, indicating 9.1% 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, Technology & Manufacturing, Education, and Technical Solutions segments.
The consensus mark for earnings stands at 80 cents per share, suggesting 6.7% 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. Additionally, the Technical Solutions segment gained from improved business mix and execution of higher margin projects.
What Our Model Says
Our proven model predicts 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. 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 +2.70% and a Zacks Rank #2.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on their respective earnings.
Green Dot (GDOT - Free Report) has an Earnings ESP of +9.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Envestnet (ENV - Free Report) has an Earnings ESP of +3.47% and a Zacks Rank #2.
Verisk (VRSK - Free Report) has an Earnings ESP of +1.69% and a Zacks Rank #3.