ABM Industries Inc.
ABM
is scheduled to report second-quarter fiscal 2021 results on Jun 8, after market close.
Let’s check out how things have shaped up for the announcement.
Q2 Expectations
The Zacks Consensus Estimate for the company’s second-quarter fiscal 2021 revenues is pegged at $1.50 billion, indicating 0.3% 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 and Technology & Manufacturing segments.
The consensus mark for earnings stands at 75 cents per share, suggesting 25% 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.
What Our Model Says
Our proven model does not conclusively predict 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. But that’s not the case here. 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 +8.73% and a Zacks Rank #4 (Sell).
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise
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ABM Industries Incorporated Quote
Stocks to Consider
Here are a few stocks from the broader Zacks
Business Services
sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings.
Gartner
IT
has an Earnings ESP of +7.52% and a Zacks Rank #1. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Clean Harbors
CLH
has an Earnings ESP of +2.15% and a Zacks Rank #2.
Copart
CPRT
has an Earnings ESP of +1.38% and a Zacks Rank #2.
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