ABM Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - ABM Indus (NYSE:ABM)

Earnings Results - ABM Industries Incorporated is set to release its fourth-quarter earnings results on December 17, with analysts expecting earnings of $1.09 per share, an increase from $0.90 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.27 billion, compared to $2.18 billion a year earlier [1] Recent Developments - On October 30, ABM appointed Barry Hytinen to its Board of Directors, while shares fell by 0.9% to close at $46.64 [2] Analyst Ratings - Freedom Capital Markets analyst David Silver initiated coverage with a Buy rating and a price target of $54 [3] - UBS analyst Joshua Chan maintained a Buy rating and raised the price target from $54 to $55 [3] - Baird analyst Andrew Wittmann downgraded the stock from Outperform to Neutral, cutting the price target from $56 to $54 [3] - Truist Securities analyst Jasper Bibb upgraded the stock from Hold to Buy, increasing the price target from $55 to $58 [3] - BTIG analyst Robert Drbul initiated coverage with a Buy rating and a price target of $1,115 [3]