ABM Raises FY24 Adjusted EPS Outlook To $3.48-$3.55 (From $3.40-$3.50 ) Vs. $3.47 Est.
Portfolio Pulse from Benzinga Newsdesk
ABM Industries has raised its fiscal year 2024 adjusted EPS outlook to a range of $3.48 to $3.55, up from the previous range of $3.40 to $3.50. This new guidance is slightly above the analyst estimate of $3.47.
September 06, 2024 | 11:02 am
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ABM Industries has increased its FY24 adjusted EPS guidance to $3.48-$3.55, exceeding the analyst estimate of $3.47. This suggests a positive outlook for the company's financial performance.
The increase in EPS guidance indicates that ABM Industries expects better financial performance than previously anticipated. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
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