Here's Why Investors Should Consider Buying ABM Stock Right Now

Core Viewpoint - ABM Industries has shown strong performance over the past year, with potential to maintain its momentum in the near term [1] Performance Summary - ABM's stock has increased by 31% over the past year, outperforming the industry average of 14% and the Zacks S&P 500 composite's rise of 25.4% [2] Financial Metrics - The Zacks Consensus Estimate for ABM's fiscal 2025 revenues is $8.6 billion, reflecting a year-over-year increase of 2.5$8.9 billion, indicating a growth of 3.3% [6] - The consensus estimate for fiscal 2025 earnings is $3.7 per share, suggesting a year-over-year rise of 3.9$4.1, implying a growth of 10.6% [6] Earnings Performance - ABM has a positive earnings surprise history, exceeding the Zacks Consensus Estimate in the past four quarters with an average surprise of 11.6% [5] Strategic Initiatives - The company launched the ELEVATE strategic plan in 2021, aimed at enhancing its industry leadership and expanding core offerings [7][8] - In 2024, ABM introduced ABM Clean, an AI-based application for the aviation sector, and ABM Performance Solutions, a tech-driven service that integrates data for improved client results [9] Shareholder Returns - ABM distributed dividends of $51.9 million,$57.5 million, and $56.5 million in fiscal years 2022, 2023, and 2024, respectively. Additionally, share repurchases amounted to$97.5 million, $138.1 million, and$56.1 million during the same period [10]