Earnings To Watch: ABM Industries (ABM) Reports Q2 Results Tomorrow

Diversified industrial and facilities services company ABM Industries (NYSE:ABM) will be reporting results tomorrow before market open. Here’s what investors should know.

ABM Industries met analysts’ revenue expectations last quarter, reporting revenues of $2.02 billion, up 1.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates.

Is ABM Industries a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting ABM Industries’s revenue to be flat year on year at $2.04 billion, slowing from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ABM Industries has missed Wall Street’s revenue estimates twice over the last two years.

Looking at ABM Industries’s peers in the environmental and facilities services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Rollins delivered year-on-year revenue growth of 8.7%, meeting analysts’ expectations, and BrightView reported a revenue decline of 3.6%, in line with consensus estimates. Rollins traded down 6.4% following the results while BrightView was up 7.2%.

Read our full analysis of Rollins’s results here and BrightView’s results here.

There has been positive sentiment among investors in the environmental and facilities services segment, with share prices up 3.1% on average over the last month. ABM Industries is up 7.7% during the same time and is heading into earnings with an average analyst price target of $53.3 (compared to the current share price of $56).

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