* ABM Industries Inc reported quarterly adjusted earnings of 90 cents per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of $1.01. The mean expectation of eight analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 84 cents to 91 cents per share.
* Revenue rose 4% to $2.18 billion from a year ago; analysts expected $2.08 billion.
* ABM Industries Inc's reported EPS for the quarter was a loss of 19 cents.
* The company reported a quarterly loss of $11.7 million.
* ABM Industries Inc shares had risen by 4.1% this quarter and gained 22.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the business support services peer group is also "hold"
Wall Street's median 12-month price target for ABM Industries Inc is $55.50 This summary was machine generated from LSEG data December 18 at 02:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2024 0.87 0.90 Beat
Jul. 31 2024 0.86 0.94 Beat
Apr. 30 2024 0.79 0.87 Beat
Jan. 31 2024 0.71 0.86 Beat
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