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Benzinga
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These Analysts Revise Their Forecasts On ABM Following Q3 Results

1. ABM's revenue increased 6.2% to $2.22 billion, exceeding analyst expectations. 2. Adjusted net income fell to $51.7 million, below estimates of 95 cents per share. 3. Management expects fourth-quarter earnings and margins to improve significantly. 4. Analysts issued mixed ratings post-earnings: Baird downgraded, UBS maintained Buy. 5. ABM secured $1.5 billion in new bookings, a 15% year-over-year increase.

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FAQ

Why Neutral?

Despite revenue growth, lower earnings per share caused analyst caution.

How important is it?

Performance outlook revisions and mixed analyst ratings suggest cautious investor sentiment.

Why Short Term?

Immediate effects from earnings announcements typically influence short-term stock performance.

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