ABM Industries Inc (NYSE: ABM) has reported E.P.S. of $0.07 for its third fiscal quarter (ending July 31) versus $1.48 for the same period a year ago — a decline of -95%. This performance was $-0.78 short of the consensus estimate of $0.85. For the latest four quarters through July 31, E.P.S. were $2.44 versus $3.58 for the same period a year ago — a decline of -32%.
Recent Price Action
ABM Industries Inc (NYSE: ABM) stock suffered a large decline of -8.6% on 9/6/24. The stock closed at $51.29. Moreover, this decline was accompanied by exceptionally high trading volume at 332% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ABM is expected to continue to be a Value Builder.
ABM Industries has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. ABM Industries has a slightly positive Appreciation Score of 61 and a very high Power Rating of 88, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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