ABM Industries Reports Q2 Revenue Growth Shy Of $2B Consensus, Credits RavenHolt
Portfolio Pulse from Lekha Gupta
ABM Industries reported Q2 FY23 revenue growth of 4.5% Y/Y to $1.98 billion, missing the consensus of $2 billion. Adjusted EPS of $0.90 beat the consensus of $0.86. The company declared a cash dividend of $0.22 per common share. ABM reiterates guidance for adjusted EPS to $3.40 - $3.60 versus the consensus of $3.50.
June 06, 2023 | 2:27 pm
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ABM Industries missed Q2 revenue consensus but beat EPS consensus. The company declared a cash dividend and reiterated its FY23 EPS guidance.
ABM Industries reported a mixed Q2 earnings with revenue missing consensus but EPS beating consensus. The company declared a cash dividend and reiterated its FY23 EPS guidance. This mixed result may not have a significant short-term impact on the stock price, as the market may react positively to the EPS beat and dividend declaration, but negatively to the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100