ABM (ABM) To Report Earnings Tomorrow: Here Is What To Expect
Facility services provider ABM Industries (NYSE:ABM) will be reporting results this Tuesday morning. Here’s what investors should know.
ABM beat analysts’ revenue expectations last quarter, reporting revenues of $2.30 billion, up 5.4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance in line with analysts’ estimates.
This quarter, the market is expecting ABM’s revenue to grow 3.9% year on year, improving from the 2.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ABM rarely misses Wall Street’s revenue estimates.
Looking at ABM’s peers in the industrial & environmental services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tetra Tech’s revenues decreased 13.4% year on year, beating analysts’ expectations by 6.4%, and Pitney Bowes reported a revenue decline of 7.5%, falling short of estimates by 1.2%. Tetra Tech traded up 3% following the results while Pitney Bowes was also up 8.6%.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the industrial & environmental services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. ABM is down 6.2% during the same time and is heading into earnings with an average analyst price target of $54.67 (compared to the current share price of $43.88).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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