ABM Industries Reports Earnings Tuesday Amid Revenue Growth Expectations

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2▲1 ▼1Impact / 5
Summary · why it matters

ABM Industries will announce its earnings results this Tuesday before market hours, with analysts expecting revenue to grow 4% year on year, a slowdown from the 6.2% increase recorded in the same quarter last year. The facility services provider beat analysts' revenue expectations last quarter, reporting revenues of $2.29 billion, up 8.4% year on year, and also impressed with a strong beat on organic revenue estimates and a narrow beat on full-year EPS guidance. Analysts have generally reconfirmed their estimates over the last 30 days, and ABM rarely misses Wall Street's revenue expectations. In the industrial and environmental services segment, peers CECO Environmental and Vestis have already reported their Q2 results, with CECO delivering year-on-year revenue growth of 53.7% and Vestis reporting a decline of 1.8%. ABM's shares are down 1.8% over the last month, and the average analyst price target is $52.43, compared to the current share price of $47.06.

Impact on assets 3

Industrials▼ · 2 stocks
Vestis Corporation
VSTS
▼ NegativeDemandrelevance

Peer Vestis reported revenue decline, indicating weak demand, but ABM not directly affected.

Climate Adaptation & Water▲ · 1 stocks
CECO Environmental Corp.
CECO
▲ PositiveDemandrelevance

Peer CECO reported strong revenue growth, indicating sector demand, but ABM not directly affected.

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