Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?

By Zacks Investment ResearchStock MarketsMar 02, 2020 07:49AM ET

www.investing.com/analysis/is-a-beat-in-store-for-abm-industries-abm-q1-earnings-200512407

Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?

By Zacks Investment Research | Mar 02, 2020 07:49AM ET

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ABM Industries Inc. (NYSE:ABM) is scheduled to report first-quarter fiscal 2020 results on Mar 4, after market close.

Over the past year, shares of ABM Industries have declined 7.7% compared with the industry’s loss of 11.8%.

Let's see how things have shaped up for the announcement.

Top-Line Expectations

Organic growth is likely to have driven ABM Industries’ first-quarter fiscal 2020 revenues, the Zacks Consensus Estimate for which is pegged at $1.61 billion, indicating year-over-year increase of 0.1%.

In fourth-quarter fiscal 2019, revenues of $1.65 billion decreased 0.1% year over year.

Bottom-Line Expectations

Higher revenue contribution from the Technical Solutions segment, higher margin revenue mix and improved labor management primarily within the Business & Industry segment, and favorable impact of the adoption of Accounting Standards Codification ("ASC") 606 are likely to have benefited ABM Industries’ first-quarter fiscal 2020 earnings. The Zacks Consensus Estimate for earnings is pegged at 31 cents per share, in line with the year-ago quarter.

In fourth-quarter fiscal 2019, adjusted earnings per share were 66 cents, up 13.8% from the year-ago quarter.

What Our Model Says

Our proven model predicts an earnings beat for ABM Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

ABM Industries has an Earnings ESP of +10.87% and a Zacks Rank #3.

ABM Industries Incorporated Price and EPS Surprise

ABM Industries Incorporated Price and EPS Surprise

ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote

Other Stocks to Consider

Here are a few other stocks, which investors may consider as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:

Limoneira Company (NASDAQ:LMNR) has an Earnings ESP of +2.7% and a Zacks Rank #3.

Eaton (NYSE:ETN) Vance Corp. (NYSE:EV) has an Earnings ESP of +0.77% and a Zacks Rank #3.

The Cooper Companies, Inc. (NYSE:COO) has an Earnings ESP of +0.63% and a Zacks Rank #3.

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ABM Industries Incorporated (ABM): Free Stock Analysis Report

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Is A Beat In Store For ABM Industries' (ABM) Q1 Earnings?

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