Earnings Outlook For ABM Indus
Portfolio Pulse from Benzinga Insights
ABM Indus (NYSE:ABM) is set to release its latest quarterly earnings report on September 7, 2023. Analysts estimate an earnings per share (EPS) of $0.89. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $44.75, down 2.5% over the last 52-week period.
September 06, 2023 | 2:01 pm
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ABM Indus is expected to report an EPS of $0.89 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day.
ABM Indus has a history of beating EPS estimates but experiencing a drop in share price the following day. Given this trend, it's likely that the company's stock price may decrease in the short term following the earnings announcement, regardless of whether it beats the EPS estimate.
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