ABM Industries Q3 earnings preview: EPS expected at $1.01

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • ABM Industries reports Q3 earnings on Sept 8; consensus EPS is $1.01 vs $0.82 YoY
  • Revenue estimated at $2.32 billion, up from $2.22 billion in the prior year quarter
  • Baird raised price target to $48; UBS and Truist cut targets to $45 in March
  • Shares rose 1.7% to $47.23 following better-than-expected Q2 results
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ABM Industries Incorporated (NYSE: ABM) will release its third-quarter earnings report before the market opens on Tuesday, September 8.

Analysts project the New York-based facility services company to report quarterly earnings per share (EPS) of $1.01, an increase from $0.82 in the year-ago period. The consensus estimate for quarterly revenue stands at $2.32 billion, compared to $2.22 billion reported in the prior year quarter, according to Benzinga Pro data.

Recent Performance Context

The upcoming print follows a better-than-expected second-quarter financial result announced on June 5. Shares of ABM Industries rose 1.7% to close at $47.23 on Thursday.

Analyst Ratings and Price Targets

Several analysts have recently adjusted their views on the stock. Below are the most recent rating changes and price target adjustments from tracked analysts:

Analyst Firm Rating Price Target Previous Target Date Accuracy
Andrew Wittmann Baird Neutral $48 $45 June 8, 2026 76%
Joshua Chan UBS Neutral $45 $51 March 11, 2026 55%
Jasper Bibb Truist Securities Hold $45 $47 March 11, 2026 65%
David Silver Freedom Capital Markets Buy $54 N/A Dec 10, 2025 66%

Baird analyst Andrew Wittmann maintained a Neutral rating while raising the price target to $48. Conversely, UBS and Truist Securities both cut their targets to $45 in March, maintaining Neutral and Hold ratings respectively. Freedom Capital Markets initiated coverage with a Buy rating and a $54 price target in December 2025.

Will ABM Industries' Q3 EPS beat the $1.01 consensus estimate, and how might a miss impact the recent 1.7% post-Q2 rally?

How will the divergence between Freedom Capital's 'Buy' rating and the 'Neutral/Hold' stances of UBS and Truist influence institutional investor sentiment ahead of earnings?

Can ABM sustain its revenue growth trajectory toward $2.32 billion given current macroeconomic pressures on facility services spending?

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Baird maintains Neutral on ABM Indus, raises target to $48

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Reviewed by
Radhika SScanX News Team
Key Highlights

Baird analyst Andrew Wittmann maintains a Neutral rating on ABM Indus and raises the price target to $48 from $45, reflecting a revised valuation outlook.

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Baird analyst Andrew Wittmann has maintained a Neutral rating on ABM Indus while raising the price target to $48 from the previous $45. The revised target indicates a reassessment of the company's valuation potential on the NYSE.

Rating and Price Target Adjustment

The research update keeps the stock's rating at Neutral, suggesting that the risk-reward profile remains balanced. The increase in the price target to $48 signals a modestly improved outlook for the shares.

Metric Value
Rating Neutral
Previous Price Target $45
New Price Target $48

What specific factors drove Baird to raise the price target while maintaining a Neutral rating?

How might ABM Industries' recent performance influence future analyst ratings?

What potential market conditions could shift ABM Industries' risk-reward profile?

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