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Earnings Beat: ABM Industries Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Earnings Beat: ABM Industries Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

收益超预期:ABM Industries Incorporated刚刚超过了分析师的预期,分析师一直在更新他们的模型
Simply Wall St ·  03/10 20:36

As you might know, ABM Industries Incorporated (NYSE:ABM) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 2.8% to hit US$2.1b. ABM Industries reported statutory earnings per share (EPS) US$0.70, which was a notable 17% above what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

你可能知道,ABM Industries Incorporated(纽约证券交易所代码:ABM)刚刚以一些非常强劲的数字拉开了其最新的季度业绩。总体而言,这是一个积极的结果,收入比预期高出2.8%,达到21亿美元。ABM Industries公布的法定每股收益(EPS)为0.70美元,比分析师的预测高出17%。对于投资者来说,这是一个重要时刻,因为他们可以在报告中追踪公司的业绩,看看专家对明年的预测,看看对该业务的预期是否有任何变化。我们认为,读者会发现分析师对明年最新(法定)财报后的预测很有趣。

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NYSE:ABM Earnings and Revenue Growth March 10th 2024
纽约证券交易所:ABM 收益和收入增长 2024 年 3 月 10 日

Taking into account the latest results, ABM Industries' eight analysts currently expect revenues in 2024 to be US$8.20b, approximately in line with the last 12 months. Statutory earnings per share are forecast to plummet 29% to US$2.89 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$8.13b and earnings per share (EPS) of US$2.82 in 2024. So the consensus seems to have become somewhat more optimistic on ABM Industries' earnings potential following these results.

考虑到最新业绩,ABM Industries的八位分析师目前预计2024年的收入为82.0亿美元,与过去12个月大致持平。预计同期每股法定收益将下降29%,至2.89美元。在本报告发布之前,分析师一直在模拟2024年的收入为81.3亿美元,每股收益(EPS)为2.82美元。因此,在这些业绩公布后,人们对ABM Industries的盈利潜力的共识似乎变得更加乐观了。

The consensus price target was unchanged at US$50.83, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values ABM Industries at US$60.00 per share, while the most bearish prices it at US$45.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

共识目标股价保持不变,为50.83美元,这意味着盈利前景的改善预计不会对股东的价值创造产生长期影响。但是,固定单一价格目标可能是不明智的,因为共识目标实际上是分析师目标股价的平均值。因此,一些投资者喜欢查看估计范围,看看对公司的估值是否有任何分歧。目前,最看涨的分析师对ABM Industries的估值为每股60.00美元,而最看跌的分析师估值为45.00美元。尽管如此,由于估计范围如此之窄,这表明分析师对他们认为该公司的价值有了很好的了解。

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that ABM Industries' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 0.4% growth on an annualised basis. This is compared to a historical growth rate of 6.0% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 6.7% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than ABM Industries.

现在从大局来看,我们理解这些预测的方法之一是看看它们与过去的表现和行业增长估计相比如何。很明显,预计ABM Industries的收入增长将大幅放缓,预计到2024年底的收入按年计算将增长0.4%。相比之下,过去五年的历史增长率为6.0%。相比之下,该行业的其他公司(根据分析师的预测),后者的总体收入预计每年将增长6.7%。因此,很明显,尽管收入增长预计将放缓,但整个行业的增长速度预计也将超过ABM Industries。

The Bottom Line

底线

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards ABM Industries following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that ABM Industries' revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

这里最重要的是,分析师上调了每股收益的预期,这表明在这些业绩公布后,对ABM Industries的乐观情绪明显增强。幸运的是,分析师还重申了他们的收入预期,表明收入符合预期。尽管我们的数据确实表明,预计ABM Industries的收入表现将比整个行业差。共识目标股价没有实际变化,这表明该业务的内在价值与最新估计相比没有发生任何重大变化。

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for ABM Industries going out to 2026, and you can see them free on our platform here..

根据这种思路,我们认为该业务的长期前景比明年的收益重要得多。在Simply Wall St,我们有分析师对截至2026年的ABM Industries的全方位估计,你可以在我们的平台上免费看到这些估计。

However, before you get too enthused, we've discovered 3 warning signs for ABM Industries (1 is potentially serious!) that you should be aware of.

但是,在你变得太热情之前,我们已经发现了 ABM Industries 的 3 个警告信号(1 个可能很严重!)你应该注意的。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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