---
title: "ABM Analysts Cut Their Forecasts After Q1 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278747833.md"
description: "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."
datetime: "2026-03-11T15:25:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278747833.md)
  - [en](https://longbridge.com/en/news/278747833.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278747833.md)
---

# ABM Analysts Cut Their Forecasts After Q1 Results

**ABM Industries Inc.** (NYSE:ABM) on Tuesday reported mixed fiscal first-quarter results.

Revenue totaled $2.244 billion, up 6.1% year over year and above the $2.193 billion analyst estimate. Adjusted EPS was 83 cents, missing the 87 cents consensus estimate.

"ABM is off to a solid start to fiscal 2026, delivering strong organic revenue growth of 5.5% and meaningful improvement in operating cash flow and free cash flow," said Scott Salmirs, President and Chief Executive Officer.

ABM affirmed its fiscal 2026 outlook, expecting organic revenue growth of 3% to 4% and total revenue growth of 4% to 5%. The company continues to project adjusted EPS of $3.85 to $4.15, compared with the $3.99 analyst estimate.

ABM shares gained 0.4% to trade at $41.45 on Wednesday.

These analysts made changes to their price targets on ABM following earnings announcement.

-   Baird analyst Andrew Wittmann maintained ABM with a Neutral and lowered the price target from $52 to $45.
-   Truist Securities analyst Jasper Bibb maintained the stock with a Hold and lowered the price target from $47 to $45.

**Considering buying ABM stock? Here’s what analysts think:**

_Photo via Shutterstock_

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