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Jun 11, 2022

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.

Related Ticker: ABM

Momentum Indicator for ABM turns positive, indicating new upward trend

ABM saw its Momentum Indicator move above the 0 level on July 11, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned positive. In of the 95 cases, the stock moved higher in the following days. The odds of a move higher are at .

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Notable companies

The most notable companies in this group are TAL Education Group (NYSE:TAL), 2U Inc. (NASDAQ:TWOU).

Industry description

The sector produces general business services, and are not classified elsewhere. For example, FleetCor Technologies provides fuel cards and workforce payment products and services; Copart, Inc. provides online vehicle auction and remarketing services across various nations; Equifax Inc. collects and aggregates credit information on consumers and businesses worldwide, along with selling credit monitoring and fraud-prevention services. Many of the companies in this category have multi-billion market capitalizations.

Market Cap

The average market capitalization across the Miscellaneous Commercial Services Industry is 4.87B. The market cap for tickers in the group ranges from 788 to 80.94B. RELX holds the highest valuation in this group at 80.94B. The lowest valued company is EVSV at 788.

High and low price notable news

The average weekly price growth across all stocks in the Miscellaneous Commercial Services Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 4%. BRWC experienced the highest price growth at 132%, while TWOU experienced the biggest fall at -64%.

Volume

The average weekly volume growth across all stocks in the Miscellaneous Commercial Services Industry was 4%. For the same stocks of the Industry, the average monthly volume growth was 19% and the average quarterly volume growth was 9%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 61
Price Growth Rating: 56
SMR Rating: 79
Profit Risk Rating: 79
Seasonality Score: 8 (-100 ... +100)
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General Information

a provider of facility services for commercial, industrial and institutional buildings

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Miscellaneous Commercial Services
Address
One Liberty Plaza
Phone
+1 212 297-0200
Employees
123000
Web
https://www.abm.com
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