ABM Industries (ABM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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$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].