These Analysts Revise Their Forecasts On ABM Following Q3 Results

Core Insights - ABM Industries Inc. reported mixed fiscal third-quarter 2025 results, with revenue of $2.22 billion, a 6.2% increase from $2.09 billion a year earlier, surpassing analyst expectations of $2.15 billion [1] - Adjusted net income was $51.7 million, or 82 cents per diluted share, missing the estimate of 95 cents and down from $53.6 million, or 84 cents per diluted share, in the prior year [1] Financial Performance - The company achieved mid-single-digit organic revenue growth and strong free cash flow, with over $1.5 billion in new bookings, a 15% year-over-year increase [2] - ABM narrowed its fiscal 2025 adjusted EPS outlook to $3.65, which is the low end of its previous range of $3.65 to $3.80 and below the analyst estimate of $3.75 [2] Future Expectations - The company anticipates an adjusted EBITDA margin of 6.3% to 6.5% and expects fourth-quarter adjusted EPS and margins to improve significantly from the third quarter, supported by restructuring savings and strong performance in Technical Solutions [3] - Following the earnings announcement, ABM shares fell 2% to trade at $47.31 [3] Analyst Ratings - Baird analyst downgraded ABM from Outperform to Neutral, lowering the price target from $56 to $54 [7] - UBS analyst maintained a Buy rating on ABM and raised the price target from $54 to $55 [7]