Facility services provider ABM Industries (NYSE:ABM) will be reporting results tomorrow before market open. Here’s what investors should know.
ABM beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $2.18 billion, up 4% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and a decent beat of analysts’ EPS estimates.
Is ABM a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting ABM’s revenue to grow 2.2% year on year to $2.12 billion, slowing from the 3.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.
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 has missed Wall Street’s revenue estimates twice over the last two years.
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. Pitney Bowes’s revenues decreased 2% year on year, beating analysts’ expectations by 1.3%, and Vestis reported a revenue decline of 4.8%, falling short of estimates by 0.7%. Pitney Bowes traded up 11.4% following the results while Vestis was down 12.7%.
Read our full analysis of Pitney Bowes’s results here and Vestis’s results here.
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