Ahead of ABM Industries (ABM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project that ABM Industries will report quarterly earnings of $0.87 per share, with revenues expected to reach $2.07 billion, reflecting a 2.3% increase year over year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 1% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenues- Business & Industry' will reach $1.00 billion, a 1.3% increase from the previous year [5] - 'Revenues- Aviation' is projected at $260.07 million, reflecting a 9.2% increase year over year [5] - 'Revenues- Education' is expected to be $229.60 million, indicating a 1.8% increase [5] - 'Revenues- Manufacturing & Distribution' is forecasted at $380.52 million, showing a 2.1% decrease [6] - 'Revenues- Technical Solutions' is estimated at $224.17 million, a significant increase of 27.2% [6] Operating Profit Estimates - 'Operating profit- Aviation' is expected to be $18.70 million, up from $13.10 million in the same quarter last year [7] - 'Operating profit- Business & Industry' is projected at $86.81 million, compared to $77.60 million in the prior year [7] - 'Operating profit (loss)- Manufacturing & Distribution' is estimated at $47.43 million, up from $43.60 million year over year [8] - 'Operating profit- Education' is forecasted at $14.86 million, compared to $11.50 million in the same quarter last year [8] - 'Operating profit- Technical Solutions' is expected to be $19.22 million, compared to $17 million in the previous year [9] Stock Performance - Shares of ABM Industries have increased by 5.1% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 4.6% [10] - ABM Industries holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [10]