ABM Indus's Earnings Outlook
Portfolio Pulse from Benzinga Insights
ABM Industries (NYSE:ABM) is scheduled to release its quarterly earnings report on December 13, 2023. Analysts predict an EPS of $0.92. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, ABM missed EPS estimates by $0.10 but the stock increased by 1.5% the following day. Over the past 52 weeks, ABM shares have declined by 8.54%, indicating potential dissatisfaction among long-term shareholders ahead of the earnings release.
December 12, 2023 | 2:00 pm
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POSITIVE IMPACT
ABM Industries is expected to report an EPS of $0.92 in the upcoming earnings release. Positive guidance and an earnings beat could positively influence the stock price, despite a previous quarter miss and a general downtrend over the past year.
The anticipation of an earnings beat and positive guidance typically has a favorable impact on a company's stock price. Although ABM's stock has been down over the past year, the market often reacts positively to earnings surpassing expectations and optimistic future projections. The previous quarter's miss did not significantly harm the stock price, suggesting that investors may be focusing more on forward-looking statements.
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IMPORTANCE 90
RELEVANCE 100