We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Ahead of ABM Industries (ABM) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect ABM Industries (ABM - Free Report) to post quarterly earnings of $1.01 per share in its upcoming report, which indicates a year-over-year increase of 23.2%. Revenues are expected to be $2.3 billion, up 3.5% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. 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 indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ABM Industries metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Business & Industry' will likely reach $1.03 billion. The estimate indicates a change of -0.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Aviation' of $308.36 million. The estimate indicates a change of +5.7% from the prior-year quarter.
The consensus estimate for 'Revenues- Education' stands at $235.05 million. The estimate indicates a change of 0% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Manufacturing & Distribution' will reach $438.43 million. The estimate indicates a change of +7.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Technical Solutions' should come in at $279.91 million. The estimate indicates a year-over-year change of +12.2%.
It is projected by analysts that the 'Operating profit- Business & Industry' will reach $84.91 million. Compared to the present estimate, the company reported $73.80 million in the same quarter last year.
Analysts expect 'Operating profit- Aviation' to come in at $17.95 million. The estimate compares to the year-ago value of $19.70 million.
The average prediction of analysts places 'Operating profit- Manufacturing & Distribution' at $40.89 million. Compared to the current estimate, the company reported $36.40 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating profit- Technical Solutions' reaching $19.66 million. Compared to the current estimate, the company reported $19.40 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating profit- Education' should arrive at $19.39 million. Compared to the current estimate, the company reported $21.10 million in the same quarter of the previous year.
Over the past month, shares of ABM Industries have returned -5.6% versus the Zacks S&P 500 composite's +2% change. Currently, ABM carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Ahead of ABM Industries (ABM) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect ABM Industries (ABM - Free Report) to post quarterly earnings of $1.01 per share in its upcoming report, which indicates a year-over-year increase of 23.2%. Revenues are expected to be $2.3 billion, up 3.5% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. 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 indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ABM Industries metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Business & Industry' will likely reach $1.03 billion. The estimate indicates a change of -0.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Aviation' of $308.36 million. The estimate indicates a change of +5.7% from the prior-year quarter.
The consensus estimate for 'Revenues- Education' stands at $235.05 million. The estimate indicates a change of 0% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Manufacturing & Distribution' will reach $438.43 million. The estimate indicates a change of +7.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Technical Solutions' should come in at $279.91 million. The estimate indicates a year-over-year change of +12.2%.
It is projected by analysts that the 'Operating profit- Business & Industry' will reach $84.91 million. Compared to the present estimate, the company reported $73.80 million in the same quarter last year.
Analysts expect 'Operating profit- Aviation' to come in at $17.95 million. The estimate compares to the year-ago value of $19.70 million.
The average prediction of analysts places 'Operating profit- Manufacturing & Distribution' at $40.89 million. Compared to the current estimate, the company reported $36.40 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating profit- Technical Solutions' reaching $19.66 million. Compared to the current estimate, the company reported $19.40 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating profit- Education' should arrive at $19.39 million. Compared to the current estimate, the company reported $21.10 million in the same quarter of the previous year.
View all Key Company Metrics for ABM Industries here>>>Over the past month, shares of ABM Industries have returned -5.6% versus the Zacks S&P 500 composite's +2% change. Currently, ABM carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .