Ahead of ABM Industries (ABM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Analysts on Wall Street project that ABM Industries (ABM) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $2.07 billion, increasing 2.3% from the same quarter last year.The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain ABM Industries metrics that are commonly tracked and forecasted by Wall Street analysts.The consensus among analysts is that 'Revenues- Business & Industry' will reach $1.00 billion. The estimate points to a change of +1.3% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenues- Aviation' should arrive at $260.07 million. The estimate indicates a change of +9.2% from the prior-year quarter.Analysts predict that the 'Revenues- Education' will reach $229.60 million. The estimate indicates a year-over-year change of +1.8%.The combined assessment of analysts suggests that 'Revenues- Manufacturing & Distribution' will likely reach $380.52 million. The estimate indicates a year-over-year change of -2.1%.The average prediction of analysts places 'Revenues- Technical Solutions' at $224.17 million. The estimate indicates a change of +27.2% from the prior-year quarter.Analysts expect 'Operating profit- Aviation' to come in at $18.70 million. Compared to the current estimate, the company reported $13.10 million in the same quarter of the previous year.The consensus estimate for 'Operating profit- Business & Industry' stands at $86.81 million. Compared to the present estimate, the company reported $77.60 million in the same quarter last year.Analysts' assessment points toward 'Operating profit (loss)- Manufacturing & Distribution' reaching $47.43 million. Compared to the present estimate, the company reported $43.60 million in the same quarter last year.Analysts forecast 'Operating profit- Education' to reach $14.86 million. Compared to the present estimate, the company reported $11.50 million in the same quarter last year.According to the collective judgment of analysts, 'Operating profit- Technical Solutions' should come in at $19.22 million. The estimate compares to the year-ago value of $17 million.View all Key Company Metrics for ABM Industries here>>>Shares of ABM Industries have experienced a change of +5.1% in the past month compared to the +4.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ABM is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks