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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

ABM in upward trend: 10-day moving average crossed above 50-day moving average on March 12, 2024

The 10-day moving average for ABM crossed bullishly above the 50-day moving average on March 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 04, 2024. You may want to consider a long position or call options on ABM as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

ABM moved above its 50-day moving average on March 07, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABM advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 266 cases where ABM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ABM moved out of overbought territory on March 22, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 50-day moving average for ABM moved below the 200-day moving average on February 28, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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 March 21, 2024. 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (1.542) is normal, around the industry mean (71.403). P/E Ratio (11.358) is within average values for comparable stocks, (83.450). Projected Growth (PEG Ratio) (2.246) is also within normal values, averaging (1.797). Dividend Yield (0.020) settles around the average of (0.040) among similar stocks. P/S Ratio (0.356) is also within normal values, averaging (51.532).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ABM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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

The most notable companies in this group are TAL Education Group (NYSE:TAL), 2U (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 4.62B. The market cap for tickers in the group ranges from 788 to 80.75B. RELX holds the highest valuation in this group at 80.75B. 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 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 16%. WCCP experienced the highest price growth at 100%, while PMEC experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Miscellaneous Commercial Services Industry was -56%. For the same stocks of the Industry, the average monthly volume growth was -55% and the average quarterly volume growth was -33%

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: 65
Price Growth Rating: 49
SMR Rating: 76
Profit Risk Rating: 78
Seasonality Score: 9 (-100 ... +100)
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ABMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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published General Information

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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