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Stock impact report

ABM Industries (ABM) Gains From ELEVATE Amid Economic Risks [Yahoo! Finance]

ABM Industries Incorporated (ABM) 
Last abm industries incorporated earnings: 3/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.abm.com/investor-relations
Company Research Source: Yahoo! Finance
ABM reported impressive first-quarter fiscal 2024 results, wherein earnings per share (EPS) and revenues beat the Zacks Consensus Estimate. ABM's EPS (excluding 16 cents from non-recurring items) was 86 cents per share, which surpassed the Zacks Consensus Estimate by 19.4% and increased 8.9% from the prior-year quarter. Total revenues of $2.1 billion beat the consensus mark by 2.9% and improved 3.9% from first-quarter fiscal 2023. The stock has gained 4.1%, underperforming the 21.5% rally of the industry it belongs to and the 15.3% rise of the Zacks S&P 500 composite in the past six months. How is ABM Industries Doing? ABM Industries is leveraging its multi-year comprehensive strategic plan, ELEVATE, which focuses on providing clients with services that improve transparency and efficiencies, develop capabilities to own talent management systems, expand data usage and boost the digital ecosystem. This strategy is expected to provide an impetus to the company's organic growth, im Show less Read more
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