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ABM Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. ABM expected earnings of 86 cents per share, down from last year. 2. Quarterly revenue projected at $2.06 billion, up from $2.02 billion. 3. Recent sales growth of 2.2% in Q1 beating consensus expectations. 4. Analyst ratings are mixed, with price targets varying. 5. ABM shares fell 2.1% to $51.26 before earnings release.

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FAQ

Why Neutral?

ABM's slight earnings decline and mixed analyst sentiment reflect uncertainty. Historical examples show that similar earnings reports can lead to minimal market movement.

How important is it?

ABM's performance, while correlated to S&P 500 through service sector performance, has limited systemic impact. Earnings reports often modify local perceptions more than broader indices.

Why Short Term?

Impact is likely short-lived surrounding the earnings report, similar to past quarterly results. Over time, the overall trend would be more crucial.

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