Published on 8 Mar 2024 on Zacks via Yahoo Finance
ABM Industries Incorporated 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 company’s shares have gained 10.9% in the past six months, underperforming the 21.8% rally of the industry it belongs to.