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Why ABM Industries (ABM) Could Beat Earnings Estimates Again
ZACKS· 2025-03-05 18:10
Core Viewpoint - ABM Industries is well-positioned to continue its earnings-beat streak in the upcoming report, supported by a strong history of surpassing earnings estimates [1]. Company Performance - ABM Industries has consistently exceeded earnings estimates, averaging a 7.62% beat over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.90 per share against an expectation of $0.86, resulting in a surprise of 4.65%. In the previous quarter, it reported $0.94 per share compared to an estimate of $0.85, achieving a surprise of 10.59% [3]. Earnings Estimates and Predictions - Earnings estimates for ABM Industries have been trending higher due to its history of earnings surprises. The stock currently has a positive Zacks Earnings ESP of +2.19%, indicating bullish sentiment among analysts regarding its earnings prospects [4][7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat in the upcoming report, expected on March 12, 2025 [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which are often more accurate [6].
ABM Industries (ABM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
ZACKS· 2025-03-05 16:00
Core Viewpoint - ABM Industries is anticipated to report a year-over-year decline in earnings despite an increase in revenues, which could significantly influence its stock price in the near term [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.78 per share, reflecting a decline of 9.3% year-over-year, while revenues are projected to be $2.1 billion, an increase of 1.6% from the previous year [3]. - The consensus EPS estimate has been revised down by 0.45% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for ABM Industries is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.19% [11]. - The stock holds a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, ABM Industries exceeded the expected earnings of $0.86 per share by delivering $0.90, resulting in a surprise of +4.65% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - ABM Industries is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [16].
ABM Industries (ABM) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2025-02-27 15:46
Core Insights - Zacks Premium offers various 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, aiding in identifying securities likely to outperform the market [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 Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score assesses a company's financial health and future outlook through projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score evaluates stocks based on price trends and earnings outlook changes, helping investors identify optimal buying opportunities [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth potential, and momentum [6] Zacks Rank Integration - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock Highlight: ABM Industries - ABM Industries, rated 2 (Buy) on the Zacks Rank, has a VGM Score of A and a Value Style Score of A, indicating strong investment potential [11] - The company has a forward P/E ratio of 14.52 and an average earnings surprise of 11.6%, with recent earnings estimates for fiscal 2025 revised upward [12]
ABM Expands and Extends Credit Agreement
Newsfilter· 2025-02-27 13:00
Core Points - ABM has successfully expanded and extended its senior secured credit agreement to a total of $2.2 billion, which includes a $1.6 billion revolving credit facility and a $600 million amortizing term loan, maturing on February 26, 2030 [1][2] - The new credit facility replaces the previous agreement of $1.95 billion, which was set to mature on June 28, 2026, and had an outstanding balance of $528 million on the term loan prior to the amendment [2] - The upsized facility enhances ABM's capital structure, providing increased flexibility for funding strategic growth initiatives and operational advancements, reflecting the company's ongoing growth [3] - The CFO of ABM expressed confidence in the company's long-term strategy and noted that the enhanced facility will support growth initiatives and drive long-term value for stakeholders [4] Company Overview - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions, with over 100,000 team members delivering essential services [4][5] - The company serves various market sectors, including commercial real estate, aviation, mission critical, and manufacturing and distribution, generating over $8 billion in annual revenue [5] - ABM is committed to investing in innovative technologies and sustainable solutions to create smarter, more connected spaces, addressing evolving challenges and contributing to a healthier world [5]
ABM to Announce First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-02-26 13:00
Core Points - ABM will release its financial results for the fiscal first quarter 2025 on March 12, 2025, before market open [1] - A quarterly conference call will be held on the same day at 8:30 AM (ET) for interested parties [2] - A replay of the conference call will be available approximately three hours after the live event and can be accessed until March 26, 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]
Aben Minerals Management to Examine Forrest Kerr Gold Project
Globenewswire· 2025-02-20 12:00
Core Viewpoint - Aben Minerals Ltd. is reviewing data from the Forrest Kerr Gold Project due to recent developments from adjacent companies, Skeena and Seabridge Gold, which may impact the project's potential [1][2]. Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [3][4]. - The company aims to increase shareholder value through new discoveries and development in geopolitically favorable jurisdictions, with 23.2 million shares outstanding [4]. Recent Developments - The company has had successful drill intercepts at the Boundary Zone of the Forrest Kerr Gold Project, including an average of 1.20 g/t Au, 1.80 g/t Ag, and 0.21% Cu over 122.0 m in drill hole FK17-05 [2]. - The President and CEO, Riley Trimble, highlighted the significance of the region for the Canadian metals industry over the next 20 years and expressed confidence in adding value through the Forrest Kerr Project [2].
5 Broker-Loved Stocks to Keep an Eye on After Recent Analyst Upgrades
ZACKS· 2025-02-18 13:36
Market Overview - The year 2024 has been highly beneficial for investors, with the S&P 500 Index increasing by over 20% [1] - Manufacturing activity data for January shows a manufacturing PMI of 50.9, the highest since September 2022, indicating a positive demand scenario [1] - The decline in inflation and subsequent Federal Reserve rate cuts have contributed to this optimistic outlook [1] - The return of Donald Trump as President has further fueled investor confidence [1] Stock Recommendations - Investors are encouraged to monitor broker-friendly stocks such as Dana (DAN), Camping World (CWH), ABM Industries (ABM), Cardinal Health (CAH), and DXC Technology (DXC) [2] - A screening process has been established to identify stocks with improving broker recommendations and upward revisions in earnings estimates over the past four weeks [3] Screening Criteria - The screening criteria include: - Top 75 companies with net upgrades in broker ratings over the last four weeks [4] - Top 10 stocks with upward revisions in earnings estimates for the upcoming quarter [4] - Companies in the bottom 10% of price-to-sales ratio, ensuring better valuation [5] - Stocks priced above $5 and with an average daily volume exceeding 100,000 shares over the last 20 trading days [5] - Top 3000 stocks by market capitalization [6] Company Insights - **Dana (DAN)**: A provider of power conveyance and energy-management solutions, currently holds a Zacks Rank 1 (Strong Buy) with a 15.4% upward revision in earnings estimates for 2025 over the past 60 days [6][7] - **Camping World (CWH)**: Engaged in retailing recreational vehicles, holds a Zacks Rank 2 (Buy) and has outperformed earnings estimates in two of the last four quarters with an average beat of 16.6% [8][9] - **ABM Industries (ABM)**: Provides integrated facility solutions and has a Zacks Rank 2, with earnings surpassing estimates in the last four quarters, averaging an 11.6% beat [9][10] - **Cardinal Health (CAH)**: A nationwide drug distributor with a Zacks Rank 2, expected earnings growth rate of 5.3% for the current year, and a 1.4% improvement in earnings estimates over the last 60 days [11] - **DXC Technology (DXC)**: Benefiting from digital business strength and partnerships, holds a Zacks Rank 3 (Hold) with a 5.4% increase in earnings estimates over the past 60 days and an average earnings beat of 22.2% [12]
ABM Launches New Brand Platform Reinforcing Transformation as an Innovative and Tech-Enabled Solutions Provider
Globenewswire· 2025-02-11 13:00
Core Perspective - ABM has launched a new brand platform titled "Driving possibility, together," emphasizing its transformation into an innovative, tech-enabled solutions provider focused on modernizing infrastructure and enhancing client experiences [1][3][11] Company Overview - Founded in 1909, ABM has grown to employ over 100,000 team members and serves more than half of the FORTUNE 500, as well as major airports and universities [4][11] - The company generates over $8 billion in annual revenue, delivering integrated facility, engineering, and infrastructure solutions [11] Brand Transformation - The new brand platform reflects ABM's commitment to operational excellence, workforce enablement, and measurable client value, aligning with the evolving demands of facility operations [2][5] - The brand positioning is built on four core pillars aimed at delivering actionable solutions across various industries, including commercial real estate, aviation, education, and manufacturing [5][6] Technological Advancements - ABM is integrating data-driven smart building platforms and energy resilience solutions, such as microgrids and eMobility, to enhance facility efficiency and connectivity [6][9] - The company is deploying AI and machine learning to prototype new technologies, applying data-driven insights to anticipate client needs and improve operational efficiencies [9] Client Engagement - The theme "Driving possibility, together" underscores ABM's collaborative approach to addressing complex client challenges and fostering long-term partnerships [7][8] - A multifaceted marketing campaign and a reimagined website will support the brand launch, along with ABM Perspectives, a digital hub for insights and best practices [8] Commitment to Sustainability - ABM is focused on advancing sustainability through energy efficiency, electrification, and waste reduction strategies, supporting clients' environmental goals [9]
Aben Minerals Closes Over Subscribed Private Placement
Globenewswire· 2025-02-07 00:19
Core Viewpoint - Aben Minerals Ltd. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $316,000 to support exploration and working capital [1][4]. Financing Details - The company issued 4,514,286 units at a price of CAD $0.07 per unit, with each unit consisting of one common share and one full warrant [2]. - Each warrant allows the holder to purchase one common share for two years at a price of CAD $0.10 per share [2]. - Finder's fees of CAD $2,940 were paid, along with the issuance of 42,000 finder's warrants, which are also exercisable into one common share at CAD $0.10 for two years [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Related Party Transaction - A portion of the private placement is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [7].
Why ABM Industries (ABM) is a Great Dividend Stock Right Now
ZACKS· 2025-02-05 17:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...