Home Earnings Preview What Analysts Predict For ABM Industries Incorporated (ABM) 2Q20?

What Analysts Predict For ABM Industries Incorporated (ABM) 2Q20?

ABM Industries Incorporated (NYSE:ABM) is set to announce second quarter earning results on Wednesday 17th June 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, ABM to report 2Q20 income of $ 0.29 per share.

For the full year, analysts anticipate top line of $ 6167.04 million, while looking forward to income of $ 1.55 per share bottom line.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 1.90 ~ $ 2.10 per share

Historical Earnings Performance

The pervious quarter 1Q20 results beat wall street view, the report interpreted income of $ 0.39 per share from the top line of $ 1,612.90 million, analysts anticipated $ 0.29 per share

In the same quarter last year, the 2Q19 results rose above market expectation, the report represented earnings of $ 0.47 per share from the revenues of $ 1,594.70 million, analysts expected $ 0.41 per share

Stock Performance

According to the previous trading day, closing price of ABM was $ 34.12, representing a 72.41 % increase from the 52 week low of $ 19.79 and a 20.04 % decrease over the 52 week high of $ 42.67.

The company has a market capital of $ 2.27 billion and is part of the Services sector and Business Services industry.

Recent Analyst recommendations

On 27th May 2020, downgraded by Sidoti to Neutral from Buy rating.

On 18th May 2020, maintained by Robert W. Baird at Neutral rating, with $ 23.00 target price.