ABM Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

ABM Industries Incorporated ABM will release its first-quarter financial results before the opening bell on Wednesday, March 12.

Analysts expect the New York-based company to report quarterly earnings at 78 cents per share, down from 86 cents per share in the year-ago period. ABM projects quarterly revenue of $2.09 billion, compared to $2.07 billion a year earlier, according to data from Benzinga Pro.

On Dec. 18, 2024, the company said sales grew 4.0% year over year to $2.18 billion, beating the consensus of $2.079 billion.

ABM shares fell 6.2% to close at $51.25 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

UBS analyst Joshua Chan maintained a Neutral rating and raised the price target from $55 to $56 on Dec. 19, 2024. This analyst has an accuracy rate of 61%.
Truist Securities analyst Jasper Bibb maintained a Hold rating and increased the price target from $49 to $55 on Sept. 9, 2024. This analyst has an accuracy rate of 60%.
Baird analyst Andrew Wittmann maintained a Neutral rating and boosted the price target from $49 to $56 on Sept. 9, 2024. This analyst has an accuracy rate of 73%.

Considering buying ABM stock? Here’s what analysts think: