Target->35.6 USD
Some fundamental analysis research:
• After the company presented strong results from its earnings report yesterday after the market close, the positivity for ABM Industries has been radiating. The New York-based facility management company is on track to have a great rally this Thursday after it unveiled the upbeat earnings per share and revenue results.
• The company had a tough second fiscal quarter thanks to the coronavirus pandemic, but impressively, it still delivered formidable results for its satisfied investors. Prior to yesterday’s earnings, ABM’s earnings per share was only expected to reach around 0.29 US dollars, and fortunately, it came in at 0.60 US dollars.
• And to top that off, the company reportedly managed to surpass its revenue estimates for the second fiscal quarter. According to the official figures presented yesterday, ABM Industries successfully generated a revenue of about 1.5 billion US dollars, slightly topping the earlier estimates of about 1.49 billion US dollars.
• The company is seemingly on a winning streak. Over the last four earnings reports, ABM Industries consistently reported stronger results, keeping its investors very happy. And this second quarter’s earnings report represents a surprise 122.22% improvement from the figures that it made in the same period from the last fiscal year.
• Some experts say that the company has been underperforming in the stock market in the previous sessions and is underrated as it’s overshadowed by other companies. Perhaps this earnings call could put it in the board and give the attention that it deserves. Today is bound to be a great day for the company and it should be its steppingstone for the spotlight.
Some fundamental analysis research:
• After the company presented strong results from its earnings report yesterday after the market close, the positivity for ABM Industries has been radiating. The New York-based facility management company is on track to have a great rally this Thursday after it unveiled the upbeat earnings per share and revenue results.
• The company had a tough second fiscal quarter thanks to the coronavirus pandemic, but impressively, it still delivered formidable results for its satisfied investors. Prior to yesterday’s earnings, ABM’s earnings per share was only expected to reach around 0.29 US dollars, and fortunately, it came in at 0.60 US dollars.
• And to top that off, the company reportedly managed to surpass its revenue estimates for the second fiscal quarter. According to the official figures presented yesterday, ABM Industries successfully generated a revenue of about 1.5 billion US dollars, slightly topping the earlier estimates of about 1.49 billion US dollars.
• The company is seemingly on a winning streak. Over the last four earnings reports, ABM Industries consistently reported stronger results, keeping its investors very happy. And this second quarter’s earnings report represents a surprise 122.22% improvement from the figures that it made in the same period from the last fiscal year.
• Some experts say that the company has been underperforming in the stock market in the previous sessions and is underrated as it’s overshadowed by other companies. Perhaps this earnings call could put it in the board and give the attention that it deserves. Today is bound to be a great day for the company and it should be its steppingstone for the spotlight.
