ABM Analysts Cut Their Forecasts After Q1 Results
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ABM Industries Inc. (NYSE:ABM) reported mixed fiscal Q1 results with revenue up 6.1% to $2.244 billion, exceeding estimates, but adjusted EPS of 83 cents fell short of the 87 cents consensus. Analysts maintain a neutral outlook, with Baird lowering the price target from $52 to $45 and Truist Securities from $47 to $45. The company affirmed its fiscal 2026 outlook, expecting organic revenue growth of 3% to 4% and total revenue growth of 4% to 5%. ABM shares rose 0.4% to $41.45.
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