ABM Industries(ABM) ZACKS·2025-03-12 13:10Group 1: Earnings Performance - ABM Industries reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.78 per share, and showing a slight increase from $0.86 per share a year ago [1] - The earnings surprise for this quarter was 11.54%, following a previous quarter where the company also surpassed expectations with earnings of $0.90 per share against an estimate of $0.86, resulting in a surprise of 4.65% [2] - Over the last four quarters, ABM Industries has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - The company posted revenues of $2.11 billion for the quarter ended January 2025, which was 0.69% above the Zacks Consensus Estimate and an increase from $2.07 billion in the same quarter last year [3] - ABM Industries has also topped consensus revenue estimates in each of the last four quarters [3] Group 3: Stock Performance and Outlook - Since the beginning of the year, ABM Industries shares have declined by approximately 2.6%, while the S&P 500 has seen a decline of 5.3% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current consensus EPS estimate for the upcoming quarter is $0.88 on revenues of $2.07 billion, and for the current fiscal year, it is $3.71 on revenues of $8.56 billion [8] Group 4: Industry Context - The Business - Services industry, to which ABM Industries belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of ABM Industries may also be influenced by the outlook for the industry as a whole, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]