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ABM Industries (ABM) to Report Q2 Earnings: What's in Store?
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ABM Industries Inc.’s (ABM - Free Report) shares have declined 11.2%, year to date, as against 1% growth of the industry it belongs to.
The company’s second-quarter fiscal 2020 performance is expected to have been affected by the coronavirus-led travel shutdowns, supply-chain disruptions and workplace closures.
Estimates Indicate Year-Over-Year Declines
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $1.44 billion, calling for a 9.5% year-over-year decline. The consensus mark for earnings stands at 27 cents per share, suggesting a massive 42.6% decline, year on year. Notably, ABM’s revenues and earnings increased a respective 0.3% and 25.8%, year over year, in the fiscal first quarter
Model Does Not Suggest a Beat
Our proven Zacks model does not conclusively predict an earnings beat for ABM 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 has an Earnings ESP of -12.19% and currently carries a Zacks Rank #3.
Performance of Some Other Business Services Companies
S&P Global Inc.’s (SPGI - Free Report) first-quarter 2020 adjusted earnings per share of $2.73 beat the consensus mark by 15.7% and improved 29.4% year over year on revenue growth, benefits of productivity initiatives and reduced business travel. The stock currently carries a Zacks Rank #3.
IQVIA Holdings Inc.’s (IQV - Free Report) adjusted earnings per share of $1.50 beat the consensus mark by 1.4% but decreased 1.9% on a year-over-year basis in the January-March period. The reported figure came in within the guided range of $1.46-$1.51. The stock holds a Zacks Rank #3, at present.
Insperity, Inc.’s (NSP - Free Report) adjusted earnings of $1.70 per share beat the consensus mark by 5.6% but decreased 14.1% year over year during the March-end quarter. The reported figure matched the higher end of the guided range of $1.61-$1.70. The stock currently carries a Zacks Rank #3.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
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ABM Industries (ABM) to Report Q2 Earnings: What's in Store?
ABM Industries Inc.’s (ABM - Free Report) shares have declined 11.2%, year to date, as against 1% growth of the industry it belongs to.
The company’s second-quarter fiscal 2020 performance is expected to have been affected by the coronavirus-led travel shutdowns, supply-chain disruptions and workplace closures.
Estimates Indicate Year-Over-Year Declines
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $1.44 billion, calling for a 9.5% year-over-year decline. The consensus mark for earnings stands at 27 cents per share, suggesting a massive 42.6% decline, year on year. Notably, ABM’s revenues and earnings increased a respective 0.3% and 25.8%, year over year, in the fiscal first quarter
Model Does Not Suggest a Beat
Our proven Zacks model does not conclusively predict an earnings beat for ABM 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 has an Earnings ESP of -12.19% and currently carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Some Other Business Services Companies
S&P Global Inc.’s (SPGI - Free Report) first-quarter 2020 adjusted earnings per share of $2.73 beat the consensus mark by 15.7% and improved 29.4% year over year on revenue growth, benefits of productivity initiatives and reduced business travel. The stock currently carries a Zacks Rank #3.
IQVIA Holdings Inc.’s (IQV - Free Report) adjusted earnings per share of $1.50 beat the consensus mark by 1.4% but decreased 1.9% on a year-over-year basis in the January-March period. The reported figure came in within the guided range of $1.46-$1.51. The stock holds a Zacks Rank #3, at present.
Insperity, Inc.’s (NSP - Free Report) adjusted earnings of $1.70 per share beat the consensus mark by 5.6% but decreased 14.1% year over year during the March-end quarter. The reported figure matched the higher end of the guided range of $1.61-$1.70. The stock currently carries a Zacks Rank #3.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>