ABM Industries Guides FY Adjusted EPS to $3.95-$4.10
ABM sits 25% above its 52-week low of $36.962.
Summary
ABM Industries issued full-year adjusted EPS guidance of $3.95 to $4.10. This is the first time the company has provided this specific range, giving investors a concrete earnings target for the fiscal year. The guidance follows a period of strong Q2 revenue growth and improved operating cash flow, as reported in the June 10-Q. The midpoint of the range implies solid profitability, and the market will likely compare this against consensus estimates. No prior news item in the timeline contains this guidance, so it represents new information for traders.
At the time of this announcement, ABM was trading at $46.11 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $36.96 to $50.12. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.