ABM Industries (ABM) Q2 Earnings Lag Estimates

Core Insights - ABM Industries reported quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of$ 0.87 per share, and down from $0.87 per share a year ago [1] - The company posted revenues of$ 2.11 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.24% and up from $2.02 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -1.15%, while the previous quarter saw an earnings surprise of 11.54% [2] - Over the last four quarters, ABM Industries has surpassed consensus EPS estimates three times [2] Revenue Performance - ABM Industries has topped consensus revenue estimates four times over the last four quarters [3] Stock Performance - Since the beginning of the year, ABM Industries shares have increased by about 0.2%, compared to a 1% gain in the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.97 on revenues of $2.16 billion, and for the current fiscal year, it is$ 3.76 on revenues of $8.58 billion [8] - The estimate revisions trend for ABM Industries is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The Business - Services industry, to which ABM Industries belongs, is currently in the top 15% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [9]