ABM Industries (ABM) Lags Q4 Earnings Estimates

Core Insights - ABM Industries reported quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $1.1 per share, and down from $0.9 per share a year ago [1] - The company posted revenues of $2.3 billion for the quarter, exceeding the Zacks Consensus Estimate by 1.19%, and up from $2.18 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -20.00%, following a previous quarter where earnings were $0.82 per share against an expectation of $0.95, resulting in a surprise of -13.68% [2] - Over the last four quarters, ABM Industries has surpassed consensus EPS estimates only once [2] Revenue Insights - The company has consistently topped consensus revenue estimates, achieving this four times over the last four quarters [3] Stock Performance - ABM Industries shares have declined approximately 10.6% since the beginning of the year, contrasting with the S&P 500's gain of 15.6% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $2.2 billion, and for the current fiscal year, it is $4.00 on revenues of $9.02 billion [8] - The estimate revisions trend for ABM Industries was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - The Business - Services industry, to which ABM Industries belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]