ABM Industries Inc reports results for the quarter ended January 31 - Earnings Summary

• ABM Industries Inc ABM.N reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of eight analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 73 cents to 81 cents per share.

• Revenue rose 2.2% to $2.11 billion from a year ago; analysts expected $2.09 billion.

• ABM Industries Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $43.6 million.

• ABM Industries Inc shares had fallen by 2.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $56.00

This summary was machine generated from LSEG data March 12 at 01:30 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)