We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ABM Industries (ABM) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
ABM Industries Inc. (ABM - Free Report) is scheduled to report fourth-quarter fiscal 2019 results on Dec 18, after market close.
So far this year, shares of ABM Industries have gained 18.8% against the industry’s loss of 1.3%.
Let's see how things have shaped up for the announcement.
Organic Growth to Drive the Top Line
Organic growth is likely to have driven ABM Industries’ fourth-quarter fiscal 2019 revenues, the Zacks Consensus Estimate for which is pegged at $1.66 billion, indicating year-over-year increase of 0.7%. In third-quarter fiscal 2019, revenues of $1.65 billion increased 1.5% year over year.
Bottom Line to Improve Year Over Year
Higher revenue contribution from the Technical Solutions segment, higher margin revenue mix and improved labor management primarily within the Business & Industry segment, and favorable impact of the adoption of Accounting Standards Codification ("ASC") 606 are likely to have benefited ABM Industries’ fourth-quarter fiscal 2019 earnings. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share, indicating year-over-yeargrowth of 6.9%.
In third-quarter fiscal 2019, adjusted earnings per share were 60 cents, up 3 cents from the year-ago quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for ABM Industries this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #3.
ABM Industries Incorporated Price and EPS Surprise
Here are a few stocks, which investors may consider as our model shows that these have the right combination of elements to beat on earnings in their upcoming release:
Hewlett Packard Enterprise Company (HPE - Free Report) has an Earnings ESP of +0.69% and a Zacks Rank #3.
Hormel Foods Corporation (HRL - Free Report) has an Earnings ESP of +0.18% Zacks Rank #3.
Eaton Vance Corp. (EV - Free Report) has an Earnings ESP of +0.06% Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
ABM Industries (ABM) to Report Q4 Earnings: What's in Store?
ABM Industries Inc. (ABM - Free Report) is scheduled to report fourth-quarter fiscal 2019 results on Dec 18, after market close.
So far this year, shares of ABM Industries have gained 18.8% against the industry’s loss of 1.3%.
Let's see how things have shaped up for the announcement.
Organic Growth to Drive the Top Line
Organic growth is likely to have driven ABM Industries’ fourth-quarter fiscal 2019 revenues, the Zacks Consensus Estimate for which is pegged at $1.66 billion, indicating year-over-year increase of 0.7%. In third-quarter fiscal 2019, revenues of $1.65 billion increased 1.5% year over year.
Bottom Line to Improve Year Over Year
Higher revenue contribution from the Technical Solutions segment, higher margin revenue mix and improved labor management primarily within the Business & Industry segment, and favorable impact of the adoption of Accounting Standards Codification ("ASC") 606 are likely to have benefited ABM Industries’ fourth-quarter fiscal 2019 earnings. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share, indicating year-over-yeargrowth of 6.9%.
In third-quarter fiscal 2019, adjusted earnings per share were 60 cents, up 3 cents from the year-ago quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for ABM Industries this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
ABM Industries has an Earnings ESP of 0.00% and a Zacks Rank #3.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Stocks to Consider
Here are a few stocks, which investors may consider as our model shows that these have the right combination of elements to beat on earnings in their upcoming release:
Hewlett Packard Enterprise Company (HPE - Free Report) has an Earnings ESP of +0.69% and a Zacks Rank #3.
Hormel Foods Corporation (HRL - Free Report) has an Earnings ESP of +0.18% Zacks Rank #3.
Eaton Vance Corp. (EV - Free Report) has an Earnings ESP of +0.06% Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>