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Ahead of ABM Industries (ABM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-06-03 14:16
Core Viewpoint - Analysts project that ABM Industries will report quarterly earnings of $0.87 per share, with revenues expected to reach $2.07 billion, reflecting a 2.3% increase year over year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 1% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenues- Business & Industry' will reach $1.00 billion, a 1.3% increase from the previous year [5] - 'Revenues- Aviation' is projected at $260.07 million, reflecting a 9.2% increase year over year [5] - 'Revenues- Education' is expected to be $229.60 million, indicating a 1.8% increase [5] - 'Revenues- Manufacturing & Distribution' is forecasted at $380.52 million, showing a 2.1% decrease [6] - 'Revenues- Technical Solutions' is estimated at $224.17 million, a significant increase of 27.2% [6] Operating Profit Estimates - 'Operating profit- Aviation' is expected to be $18.70 million, up from $13.10 million in the same quarter last year [7] - 'Operating profit- Business & Industry' is projected at $86.81 million, compared to $77.60 million in the prior year [7] - 'Operating profit (loss)- Manufacturing & Distribution' is estimated at $47.43 million, up from $43.60 million year over year [8] - 'Operating profit- Education' is forecasted at $14.86 million, compared to $11.50 million in the same quarter last year [8] - 'Operating profit- Technical Solutions' is expected to be $19.22 million, compared to $17 million in the previous year [9] Stock Performance - Shares of ABM Industries have increased by 5.1% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 4.6% [10] - ABM Industries holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [10]
ABM Stock Surges 7%: Transformation, Strategic Moves Drive Gains
ZACKS· 2025-05-29 17:41
Core Insights - ABM has shown a strong performance, climbing 7% over the past month, outperforming the S&P 500 composite's 6% rally, attributed to a disciplined transformation strategy [1] Group 1: Transformation Strategy - In 2015, ABM launched the 2020 Vision, aiming for long-term, profitable growth through a streamlined, industry-focused operating model, centralizing functions and standardizing service delivery across key verticals [2] - In 2021, ABM introduced ELEVATE, a strategic plan emphasizing digitization, data, and workforce development, resulting in stronger client traction and operational scalability [3] Group 2: Strategic Expansion - ABM's acquisition of Quality Uptime in 2024 marks a significant shift into the data center space, enhancing its capabilities in electrical testing and power distribution, crucial for AI-driven facilities, positioning ABM as a full-suite provider in a high-margin growth segment [4] Group 3: Shareholder Value - ABM has distributed dividends of $51.9 million, $57.5 million, and $56.5 million in fiscal years 2022, 2023, and 2024, respectively, and returned $97.5 million, $138.1 million, and $56.1 million through share repurchases in the same years, reflecting a commitment to enhancing shareholder value [5] Group 4: Financial Strength - ABM maintains a solid financial footing with a current ratio of 1.52, above the industry average of 1.31, ensuring operational agility and reinforcing investor confidence [6] Group 5: Market Position - ABM currently holds a Zacks Rank 2 (Buy), indicating strong market positioning, alongside other top-ranked stocks in the Zacks Business Services sector [7]
ABM to Announce Second Quarter 2025 Financial Results
Globenewswire· 2025-05-27 20:05
Financial Results Announcement - ABM will release its financial results for the fiscal second quarter of 2025 on June 6, 2025, before market open [1] - A quarterly conference call will be held on the same day at 8:30 AM (ET) [2] Conference Call Details - The conference call can be accessed via audio webcast on the Company's website or by dialing specific numbers for domestic and international participants [2] - A supplemental presentation will accompany the webcast [2] - A replay of the conference call will be available approximately three hours after the live event and can be accessed until June 20, 2025 [3] Company Overview - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions globally [4] - The company has over 100,000 team members and generates over $8 billion in annual revenue [5] - ABM serves various market sectors, including commercial real estate, aviation, mission critical, and manufacturing and distribution [5] - The company focuses on innovative technologies and sustainable solutions to enhance facilities and empower clients [5]
ABM or CTAS: Which Is the Better Value Stock Right Now?
ZACKS· 2025-05-27 16:41
Core Insights - Investors are evaluating ABM Industries (ABM) and Cintas (CTAS) for potential value investment opportunities [1] - Both companies currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook [3] Valuation Metrics - ABM has a forward P/E ratio of 13.58, significantly lower than CTAS's forward P/E of 50.75, suggesting ABM may be undervalued [5] - The PEG ratio for ABM is 2.63, while CTAS has a PEG ratio of 3.85, indicating that ABM offers better value relative to its expected earnings growth [5] - ABM's P/B ratio stands at 1.79 compared to CTAS's P/B of 19.53, further supporting the notion that ABM is the superior value option [6] Value Grades - ABM has received a Value grade of B, while CTAS has a Value grade of D, highlighting the relative valuation strength of ABM [6]
Aben Minerals Ltd. Receives Name Change Approval to Aben Gold Corp.
Globenewswire· 2025-05-01 21:55
Core Points - Aben Minerals Ltd. will change its name to Aben Gold Corp. effective May 6, 2025, as approved by the TSX Venture Exchange [1][2] - The company's share capitalization and trading symbol will remain unchanged, and no action is required from existing shareholders regarding the name change [2] - Aben Gold Corp. will launch its new website, www.abengold.com, on the same date to reflect its focus as a Canadian gold exploration company [3] Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia [4] - The flagship project is the 7,400-hectare Justin Gold Project, which is 100% owned and located in the Tintina Gold Belt [4] - The company also owns the Forrest Kerr Gold Project, which is located in the Golden Triangle of British Columbia [4] - Aben Minerals aims to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions [5] - The company has 23.2 million shares outstanding [5]
Why ABM Industries (ABM) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-04-29 14:50
Company Overview - ABM Industries is a provider of integrated facility solutions in the United States and internationally [12] - The company currently holds a Zacks Rank of 3 (Hold) with a VGM Score of B [12] Investment Insights - ABM has a Momentum Style Score of A, indicating strong upward price movement, with shares up 2.4% over the past four weeks [12] - Four analysts have revised their earnings estimates upwards for fiscal 2025, increasing the Zacks Consensus Estimate by $0.05 to $3.76 per share [13] - The company boasts an average earnings surprise of 9.6%, suggesting a history of exceeding earnings expectations [13] Style Scores and Zacks Rank - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to assist investors in portfolio building [7] - Stocks with a Zacks Rank of 1 (Strong Buy) have produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - For optimal investment potential, it is recommended to consider stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [10]
Why ABM Industries (ABM) is a Top Value Stock for the Long-Term
ZACKS· 2025-04-28 14:46
Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on their value, growth, and momentum characteristics, with higher scores indicating better performance potential [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [4] - The Growth Score emphasizes a company's financial health and future growth potential based on earnings and sales projections [5] - The Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [6] Integration with Zacks Rank - The Zacks Rank utilizes earnings estimate revisions to assist in portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [10] - Stocks rated 4 (Sell) or 5 (Strong Sell) should be approached with caution, even if they have high Style Scores, due to declining earnings forecasts [11] Company Spotlight: ABM Industries - ABM Industries, a provider of integrated facility solutions, holds a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating moderate potential [12] - The company has a forward P/E ratio of 12.85, making it attractive for value investors [12] - Recent upward revisions in earnings estimates have led to a Zacks Consensus Estimate increase to $3.76 per share, with an average earnings surprise of 9.6% [13]
Aben Minerals Ltd. to Change Name to Aben Gold Corp.
Globenewswire· 2025-04-15 11:00
Core Viewpoint - Aben Minerals Ltd. is changing its name to Aben Gold Corp., pending acceptance from the TSX Venture Exchange, while maintaining its share capitalization and trading symbol [1] Group 1: Company Name Change - The company has announced a name change from Aben Minerals Ltd. to Aben Gold Corp. [1] - The share capitalization and trading symbol will remain unchanged [1] - A subsequent news release will confirm the effective date of the name change [1] Group 2: Domain Acquisition - The company has purchased the domain rights to www.abengold.com and www.abengold.ca [2] - The company's website URL will be www.abengold.com upon completion and approval [2] Group 3: Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia [3] - The flagship project is the 7,400-hectare Justin Gold Project, which is 100% owned and located in the Tintina Gold Belt [3] - The company also owns the Forrest Kerr Gold Project, which is located in the Golden Triangle of British Columbia [3] Group 4: Company Goals - The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions [4] - The company has 23.2 million shares outstanding [4]
ABM Shares Decline 4% Despite Reporting Q1 Earnings & Revenue Beat
ZACKS· 2025-03-18 17:21
Core Viewpoint - ABM reported strong first-quarter fiscal 2025 results, with earnings per share (EPS) and revenues exceeding expectations, yet the stock declined post-release [1][2]. Financial Performance - EPS (excluding non-recurring items) was 87 cents, beating the Zacks Consensus Estimate by 11.5% and increasing 1.2% year-over-year [2]. - Total revenues reached $2.1 billion, slightly surpassing consensus and up 2.2% from the previous year [2]. - Adjusted EBITDA was $120.6 million, reflecting a 3.3% increase from the year-ago quarter, with an adjusted EBITDA margin of 5.9% [7]. Segment Performance - Business & Industry segment revenues declined 1% year-over-year to $1 billion, meeting estimates [4]. - Manufacturing & Distribution segment revenues decreased 1.6% to $394.3 million, exceeding projections [4]. - Aviation segment revenues increased 8.2% to $270.1 million, driven by healthy travel markets [5]. - Education segment revenues rose 2.4% to $225.3 million, supported by favorable net pricing and increased work orders [5]. - Technical solutions segment revenues grew 21.9% to $202.3 million, although it missed estimates [6]. Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the quarter were $59 million, down from $64.6 million [8]. - Long-term debt increased to $1.5 billion from $1.3 billion in the previous quarter [8]. - Net cash utilized by operating activities was $106.2 million, with free cash flow utilized at $122.9 million [8]. Guidance - ABM updated its EPS guidance for fiscal 2025 to a range of $3.65-$3.80, with the midpoint aligning with the Zacks Consensus Estimate [9].
Why ABM Industries Stock Declined This Week
The Motley Fool· 2025-03-14 13:45
Core Insights - ABM Industries experienced a 13.9% decline in share price following a disappointing fiscal first-quarter earnings report [1] - The company has transitioned from window washing to a leading provider of facility solutions, with business and industry being its largest market, accounting for 48% of sales in the first quarter [2] Financial Performance - The first-quarter earnings report showed satisfactory results, with management raising the low end of the full-year earnings-per-share (EPS) guidance from $3.60 to $3.80 to a new range of $3.65 to $3.80 [3] - A significant concern for investors was the $100 million cash outflow during the quarter, which is alarming for a company with a market cap of $2.93 billion and debt of $1.59 billion [3] Operational Challenges - The negative cash flow was attributed to the implementation of a new enterprise resource planning (ERP) IT system, which caused delays in invoicing and pressured cash flow [4] - The cautious approach to invoicing during the quarter is expected to improve as invoices will be sent out throughout the year [5] Future Outlook - The potential return of workers to offices may create a positive tailwind for ABM Industries [5] - The company presents an interesting opportunity for enterprising investors despite the current challenges [6]