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ABM Industries: Sailing Secular Tailwinds With Its Resilient, Capital-Lite Ship
Seeking Alpha· 2024-10-05 07:10
ABM Industries Inc. (NYSE: ABM ) is in the integrated facility and essential services business. It boasts strong and consistent cash flow generation along with a highly resilient business model, with exposure to some very strong secular tailwinds. It I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I've developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trend ...
ABM Industries Stock Rises 16% in Six Months: Here's Why
ZACKS· 2024-10-04 16:51
ABM Industries Incorporated (ABM) has had an impressive run in the past six months. The stock has gained 16%, outperforming the industry and the Zacks S&P 500 composite’s growth of 13% and 10%, respectively.Factors Driving the UptickABM’s diversified portfolio of services, including janitorial, engineering and facility services, has proven to be resilient during times of economic uncertainty. As businesses and institutions have heightened its focus on maintaining clean and safe environments, ABM has seen a ...
ABM Industries: The Recent Pullback Could Be A Good Entry Point For A Long Position
Seeking Alpha· 2024-10-04 10:30
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
Here's Why Hold Strategy is Apt for ABM Industries Stock Now
ZACKS· 2024-09-20 16:21
ABM Industries Incorporated (ABM) has had an impressive run over the past year, with shares rising 29.3%. The company has an impressive Growth Score of A. This style score condenses all the essential metrics from a company's financial statements to get a true sense of the quality and sustainability of its growth. ABM's Tailwinds ABM has consistently demonstrated its commitment to rewarding shareholders through dividends and share buybacks. In fiscal years 2023, 2022, and 2021, the company distributed $57.5 ...
ELEVATE Benefits ABM's Organic Growth Despite Rising Expenses
ZACKS· 2024-09-13 17:06
ABM Industries Incorporated (ABM) stock has gained 19.5%, outperforming the 11% rally of the industry it belongs to and the 8.6% rise of the Zacks S&P 500 composite in the past six months. ABM reported impressive third-quarter fiscal 2024 results. EPS (excluding 86 cents from non-recurring items) was 94 cents, which outpaced the Zacks Consensus Estimate by 10.6% and gained 19% on a year-over-year basis. Total revenues of $2.1 billion surpassed the consensus mark by 2.7% and increased 3.3% from the yearago q ...
ABM Industries Shares Barely Move After Reporting Q3 Earnings Beat
ZACKS· 2024-09-10 17:30
ABM Industries Incorporated (ABM) reported impressive third-quarter fiscal 2024 results, wherein earnings per share (EPS) and revenues beat the Zacks Consensus Estimate.The stock price has not witnessed any significant impact of the earnings beat since the company released results on Sept. 6, 2024.ABM’s EPS (excluding 86 cents from non-recurring items) was 94 cents, which outpaced the Zacks Consensus Estimate by 10.6% and gained 19% on a year-over-year basis. Total revenues of $2.1 billion surpassed the con ...
ABM Industries(ABM) - 2024 Q3 - Quarterly Report
2024-09-06 15:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8929 ABM INDUSTRIES INCORPORATED (Exact name of registrant as specified in its charter) (State or other ...
ABM Industries(ABM) - 2024 Q3 - Earnings Call Transcript
2024-09-06 15:03
ABM Industries, Inc. (NYSE:ABM) Q3 2024 Earnings Conference Call September 6, 2024 8:30 AM ET Company Participants Paul Goldberg - Senior Vice President, Investor Relations Scott Salmirs - President and Chief Executive Officer Earl Ellis - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Faiza Alwy - Deutsche Bank Jasper Bibb - Truist Securities Joshua Chan - UBS David Silver - CL King & Associates Tate Sullivan - Maxim Group Operator Greeting a ...
Are Business Services Stocks Lagging ABM Industries (ABM) This Year?
ZACKS· 2024-09-06 14:41
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.ABM Industries is a member of our Business Services group, which ...
Here's What Key Metrics Tell Us About ABM Industries (ABM) Q3 Earnings
ZACKS· 2024-09-06 14:30
ABM Industries (ABM) reported $2.09 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 3.3%. EPS of $0.94 for the same period compares to $0.79 a year ago.The reported revenue represents a surprise of +2.75% over the Zacks Consensus Estimate of $2.04 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +10.59%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...