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Can ABM Industries (ABM) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research

ABM Industries Incorporated ABM is a leading provider of facility solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ABM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that ABM Industries could be a solid choice for investors.

Current Quarter Estimates for ABM

In the past 30 days, two estimates have gone higher for ABM Industries while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 37 cents a share 30 days ago, to 45 cents today, a move of 21.6%.

Current Year Estimates for ABM

Meanwhile, ABM Industries’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.54 per share 30 days ago to $1.90 per share today, an increase of 23.4%.

ABM Industries Incorporated Price and Consensus

ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated Price and Consensus

ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote

Bottom Line

The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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