ABM Industries Inc reports results for the quarter ended April 30 - Earnings Summary

• ABM Industries Inc ABM reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of seven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 85 cents to 89 cents per share.

• Revenue rose 4.6% to $2.11 billion from a year ago; analysts expected $2.06 billion.

• ABM Industries Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $42.2 million.

• ABM Industries Inc shares had risen by 8.2% this quarter and gained 0.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% 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 1 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for ABM Industries Inc is $55.00

This summary was machine generated from LSEG data June 6 at 01:31 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)