ABM Industries (ABM, $41.98) Q2 earnings topped Zacks Consensus Estimates
ABM Industries Inc. posted its second quarter earnings that exceeded the Zacks Consensus Estimate, even as revenues missed expectations.
The facility management provider’s adjusted earnings from continuing operations came in at 89 cents per share, beating the Zacks consensus estimates by 6%. The figure is + 8.5% higher year over year.
Revenues surged +26.7% from the year-ago quarter to $1.89 billion. However, they fell short of the consensus estimate by 1%. The company experienced +7.5% organic growth, and +19.2% increase from acquisitions.
The company’s revenue from Business & Industry segment climbed +48.9% from the year-ago quarter to $1.00 billion. Manufacturing & Distribution business experienced a +4.9% year over year jump in revenue to $356.9 million. Aviation revenues rose +27.4% year over year to $185.9 million, while Technical Solutions revenues increased +18.1% to $147 million. Revenues from Education , however, fell -3.9% from the prior-year quarter to $204.4 million.
For fiscal 2022, ABM Industries reaffirmed its outlook for adjusted income from continuing operations in the range of $3.50-$3.70 per share. The Zacks Consensus Estimate for the same is $3.61 per share.
ABM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ABM turned positive on January 13, 2025. Looking at past instances where ABM's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABM advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where ABM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on January 31, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ABM as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ABM broke above its upper Bollinger Band on January 14, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ABM entered a downward trend on December 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.549) is normal, around the industry mean (28.563). P/E Ratio (11.407) is within average values for comparable stocks, (86.537). Projected Growth (PEG Ratio) (2.246) is also within normal values, averaging (1.746). Dividend Yield (0.020) settles around the average of (0.039) among similar stocks. P/S Ratio (0.358) is also within normal values, averaging (12.332).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ABM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of facility services for commercial, industrial and institutional buildings
Industry MiscellaneousCommercialServices