ABM Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - ABM Industries Incorporated is set to release its fourth-quarter earnings results on December 17, with expected earnings of $1.09 per share, an increase from $0.90 per share in the same period last year [1] - The consensus estimate for ABM's quarterly revenue is $2.27 billion, compared to $2.18 billion a year earlier [1] Group 2 - Barry Hytinen was appointed to ABM's Board of Directors on October 30, and the company's shares fell by 0.9% to close at $46.64 [2] - Analysts have varying ratings on ABM stock, with Freedom Capital Markets initiating coverage with a Buy rating and a price target of $54 [3] - UBS maintained a Buy rating and raised the price target from $54 to $55, while Baird downgraded the stock from Outperform to Neutral, cutting the price target from $56 to $54 [3] - Truist Securities upgraded the stock from Hold to Buy, increasing the price target from $55 to $58, and BTIG initiated coverage with a Buy rating and a price target of $1,115 [3]