ABM Industries Cleans Up In Q2: Revenue Soars Past Estimates On Tech, Aviation Growth
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Earnings Report: ABM Industries Inc. reported a 4.6% year-over-year revenue growth to $2.11 billion for Q2 FY25, driven by strong performance in Technical Solutions and Aviation, with adjusted EPS of 86 cents meeting consensus expectations.
Future Outlook: The company maintains its adjusted EPS outlook for FY25 at $3.65 to $3.80 and anticipates continued growth in core markets, while also declaring a cash dividend of $0.265 per share payable on August 4.
Analyst Views on ABM
Wall Street analysts forecast ABM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ABM is 52.75 USD with a low forecast of 51.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
4 Hold
0 Sell
Moderate Buy
Current: 46.370
Low
51.00
Averages
52.75
High
54.00
Current: 46.370
Low
51.00
Averages
52.75
High
54.00
About ABM
ABM Industries Inc, which operates through its subsidiaries, is a provider of integrated facility, infrastructure, and mobility solutions. The Company’s segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. The B&I segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and other facilities. The M&D segment provides integrated facility services, engineering, janitorial, and other specialized services. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services. The Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical and electrical services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
