For the current quarter, the 5.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.40 a share, which would compare with $0.47 in the same quarter last year. They have a high estimate of $0.44 and a low estimate of $0.36. Revenue for the period is expected to total nearly $1.31B from $1.35B the year-ago period.
For the full year, 5.00 Wall Street analysts forecast this company would deliver earnings of 1.58 per share, with a high estimate of $1.61 and a low estimate of $1.55. It had reported earnings per share of $1.62 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $5.24B versus 4.90B in the preceding year.
The analysts project the company to maintain annual growth of around 5.10% percent over the next five years as compared to an average growth rate of 13.61% percent expected for its competitors in the same industry.
Among the 5 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for ABM is $37.80 but some analysts are projecting the price to go as high as $43.00. If the optimistic analysts are correct, that represents a 15 percent upside potential from the recent closing price of $37.27. Some sell-side analysts, particularly the bearish ones, have called for $35.00 price targets on shares of ABM Industries, Inc. (NYSE:ABM).
In the last reported results, the company reported earnings of $0.47 per share, while analysts were calling for share earnings of $0.49. It was an earnings surprise of -4.10%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It offers carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services for airports and other transportation centers, commercial office buildings, educational institutions, government buildings, health facilities, industrial buildings, retail stores, and stadiums and arenas. The company also provides onsite mechanical engineering and technical services and solutions relating to a range of facilities and infrastructure systems; and parking and transportation services for clients at various locations, including airports and other transportation centers, commercial office buildings, educational institutions, health facilities, hotels, and stadiums and arenas. In addition, it offers custom energy solutions, HVAC, electrical, lighting, and other general maintenance and repair services comprising bundled energy solutions, energy efficiency upgrades, installations, preventative maintenance, retro-commissioning, and retrofits for clients in the private and public sectors; construction management, energy efficiency upgrades and management, healthcare support, leadership development, military base operations, and other mission support to the U.S. government entities; and facility management and environmental, food and nutrition, healthcare technology management, and patient and guest services to healthcare systems and hospitals. Further, the company franchises engineering services under the Linc Network and TEGG brands through individual and area franchises; and provides facility solutions to aviation service companies related to access control, aircraft cabin cleaning, shuttle bus operations, and passenger assistance. The company was founded in 1909 and is headquartered in New York, New York.
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