ABM Reaffirmed Its FY23 Outlook For Adjusted EPS Of $3.40 To $3.60 Vs $3.50 Estimate; Now Sees GAAP EPS Of $2.52 To $2.72, Up From Prior Expectation Of $2.43 To $2.63
Portfolio Pulse from Benzinga Newsdesk
ABM Industries has reaffirmed its FY23 outlook for adjusted EPS of $3.40 to $3.60, while raising its GAAP EPS guidance to $2.52 to $2.72, up from the prior expectation of $2.43 to $2.63. The revised outlook reflects a $0.09 EPS benefit from changes in items impacting comparability.
June 06, 2023 | 11:07 am
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ABM Industries reaffirms its FY23 adjusted EPS outlook and raises GAAP EPS guidance, reflecting a $0.09 EPS benefit from changes in items impacting comparability.
ABM Industries has reaffirmed its FY23 adjusted EPS outlook, which is in line with estimates, and raised its GAAP EPS guidance. This positive news, reflecting a $0.09 EPS benefit from changes in items impacting comparability, is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100