ABM Raises FY24 Adj EPS Outlook From $3.20 - $3.40 To $3.30 - $3.45 Vs. $3.3 Est.
Portfolio Pulse from Benzinga Newsdesk
ABM Industries has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 from the previous range of $3.20 - $3.40 to a new range of $3.30 - $3.45, surpassing the estimated $3.3.
March 07, 2024 | 12:01 pm
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ABM Industries has revised its FY24 adjusted EPS guidance upwards, now expecting $3.30 - $3.45, above the consensus estimate of $3.3.
Raising the EPS outlook indicates ABM Industries' management has a positive view on the company's future earnings potential, which is likely to be viewed favorably by investors. This upward revision, especially when it surpasses the market's expectations, can lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100