Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?

By Zacks Investment ResearchStock MarketsMar 02, 2020 07:49AM ET
www.investing.com/analysis/is-a-beat-in-store-for-abm-industries-abm-q1-earnings-200512407
Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?
By Zacks Investment Research   |  Mar 02, 2020 07:49AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

ABM Industries Inc. (NYSE:ABM) is scheduled to report first-quarter fiscal 2020 results on Mar 4, after market close.

Over the past year, shares of ABM Industries have declined 7.7% compared with the industry’s loss of 11.8%.

Let's see how things have shaped up for the announcement.

Top-Line Expectations

Organic growth is likely to have driven ABM Industries’ first-quarter fiscal 2020 revenues, the Zacks Consensus Estimate for which is pegged at $1.61 billion, indicating year-over-year increase of 0.1%.

In fourth-quarter fiscal 2019, revenues of $1.65 billion decreased 0.1% year over year.

Bottom-Line Expectations

Higher revenue contribution from the Technical Solutions segment, higher margin revenue mix and improved labor management primarily within the Business & Industry segment, and favorable impact of the adoption of Accounting Standards Codification ("ASC") 606 are likely to have benefited ABM Industries’ first-quarter fiscal 2020 earnings. The Zacks Consensus Estimate for earnings is pegged at 31 cents per share, in line with the year-ago quarter.

In fourth-quarter fiscal 2019, adjusted earnings per share were 66 cents, up 13.8% from the year-ago quarter.

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 +10.87% and a Zacks Rank #3.

Other Stocks to Consider

Here are a few other stocks, which investors may consider as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:

Limoneira Company (NASDAQ:LMNR) has an Earnings ESP of +2.7% and a Zacks Rank #3.

Eaton (NYSE:ETN) Vance Corp. (NYSE:EV) has an Earnings ESP of +0.77% and a Zacks Rank #3.

The Cooper Companies, Inc. (NYSE:COO) has an Earnings ESP of +0.63% and a Zacks Rank #3.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>



ABM Industries Incorporated (ABM): Free Stock Analysis Report

The Cooper Companies, Inc. (COO): Free Stock Analysis Report

Eaton Vance Corporation (EV): Free Stock Analysis Report

Limoneira Co (LMNR): Free Stock Analysis Report

Original post

Zacks Investment Research
Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?
 

Related Articles

Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email