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Gear Up for ABM Industries (ABM) Q4 Earnings: Wall Street Estimates for Key Metrics
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In its upcoming report, ABM Industries (ABM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.93 per share, reflecting an increase of 4.5% compared to the same period last year. Revenues are forecasted to be $2.04 billion, representing a year-over-year increase of 1.3%.
Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some ABM Industries metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenues- Business & Industry' will reach $1.01 billion. The estimate suggests a change of -2.3% year over year.
The consensus estimate for 'Revenues- Aviation' stands at $231.88 million. The estimate indicates a year-over-year change of +8.2%.
Analysts' assessment points toward 'Revenues- Education' reaching $220.11 million. The estimate points to a change of +1.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Manufacturing & Distribution' should come in at $380.72 million. The estimate indicates a change of +2.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Technical Solutions' of $201.30 million. The estimate suggests a change of +12.1% year over year.
The combined assessment of analysts suggests that 'Operating profit- Business & Industry' will likely reach $82.37 million. The estimate compares to the year-ago value of $92.40 million.
The average prediction of analysts places 'Operating profit (loss)- Manufacturing & Distribution' at $44.38 million. The estimate is in contrast to the year-ago figure of $41.20 million.
Analysts expect 'Operating profit- Technical Solutions' to come in at $14.92 million. Compared to the present estimate, the company reported $20.90 million in the same quarter last year.
It is projected by analysts that the 'Operating profit- Education' will reach $8.98 million. Compared to the present estimate, the company reported $8.30 million in the same quarter last year.
Shares of ABM Industries have demonstrated returns of +10.1% over the past month compared to the Zacks S&P 500 composite's +4.9% change. With a Zacks Rank #3 (Hold), ABM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Gear Up for ABM Industries (ABM) Q4 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, ABM Industries (ABM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.93 per share, reflecting an increase of 4.5% compared to the same period last year. Revenues are forecasted to be $2.04 billion, representing a year-over-year increase of 1.3%.
Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some ABM Industries metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenues- Business & Industry' will reach $1.01 billion. The estimate suggests a change of -2.3% year over year.
The consensus estimate for 'Revenues- Aviation' stands at $231.88 million. The estimate indicates a year-over-year change of +8.2%.
Analysts' assessment points toward 'Revenues- Education' reaching $220.11 million. The estimate points to a change of +1.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Manufacturing & Distribution' should come in at $380.72 million. The estimate indicates a change of +2.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Technical Solutions' of $201.30 million. The estimate suggests a change of +12.1% year over year.
The combined assessment of analysts suggests that 'Operating profit- Business & Industry' will likely reach $82.37 million. The estimate compares to the year-ago value of $92.40 million.
The average prediction of analysts places 'Operating profit (loss)- Manufacturing & Distribution' at $44.38 million. The estimate is in contrast to the year-ago figure of $41.20 million.
Analysts expect 'Operating profit- Technical Solutions' to come in at $14.92 million. Compared to the present estimate, the company reported $20.90 million in the same quarter last year.
It is projected by analysts that the 'Operating profit- Education' will reach $8.98 million. Compared to the present estimate, the company reported $8.30 million in the same quarter last year.
View all Key Company Metrics for ABM Industries here>>>
Shares of ABM Industries have demonstrated returns of +10.1% over the past month compared to the Zacks S&P 500 composite's +4.9% change. With a Zacks Rank #3 (Hold), ABM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>