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Is a Beat in Store for ABM Industries (ABM) in Q3 Earnings?

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·2 min read
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ABM Industries Inc. ABM is scheduled to report third-quarter fiscal 2021 results on Sep 8, after market close.

Let’s check out how things have shaped up for the announcement.

Q3 Expectations

The Zacks Consensus Estimate for the company’s third-quarter fiscal 2021 revenues is pegged at $1.52 billion, indicating 9.1% year-over-year growth. The expected upside can be attributed to huge demand for disinfection-related work orders and EnhancedClean services in the Business & Industry, Technology & Manufacturing, Education, and Technical Solutions segments.

The consensus mark for earnings stands at 80 cents per share, suggesting 6.7% growth year on year. The bottom line is likely to have benefited from higher margin improvement in Work Orders and EnhancedClean services as clients continue to incorporate disinfection into their operations. Persistent management of direct labor to align with the operating environment is also an added positive. Additionally, the Technical Solutions segment gained from improved business mix and execution of higher margin projects.

What Our Model Says

Our proven model predicts an earnings beat for ABM Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

ABM Industries has an Earnings ESP of +2.70% and a Zacks Rank #2.

ABM Industries Incorporated Price and EPS Surprise

ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated Price and EPS Surprise

ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote

Other Stocks to Consider

Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on their respective earnings.

Green Dot GDOT has an Earnings ESP of +9.29% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Envestnet ENV has an Earnings ESP of +3.47% and a Zacks Rank #2.

Verisk VRSK has an Earnings ESP of +1.69% and a Zacks Rank #3.


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ABM Industries Incorporated (ABM) : Free Stock Analysis Report

Green Dot Corporation (GDOT) : Free Stock Analysis Report

Envestnet, Inc (ENV) : Free Stock Analysis Report

Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report

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