ABM Raises FY24 Adjusted EPS Outlook To $3.40-$3.50 Vs. $3.40 Est (Prior View: $3.30-$3.45); Sees Adjusted EBITDA Margin Of 6.2%-6.5%
Portfolio Pulse from Benzinga Newsdesk
ABM Industries has raised its FY24 adjusted EPS outlook to $3.40-$3.50, up from the prior view of $3.30-$3.45, and sees an adjusted EBITDA margin of 6.2%-6.5%.
June 06, 2024 | 11:07 am
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ABM Industries has raised its FY24 adjusted EPS outlook to $3.40-$3.50, up from the prior view of $3.30-$3.45, and sees an adjusted EBITDA margin of 6.2%-6.5%. This positive revision indicates stronger financial performance and could boost investor confidence.
The upward revision in EPS and EBITDA margin suggests improved profitability and operational efficiency, which is likely to positively impact ABM's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100