$ABM

ABM Industries (NYSE: ABM) extended its partnership with SoFi Stadium and YouTube Theater, continuing to provide engineering and janitorial services. The company supports the venues' dynamic event calendar, delivering approximately 84,000 hours of engineering services annually at SoFi Stadium and scaling janitorial operations to over 250 team members on major event days.

ABM Industries (NYSE:ABM), a facility services provider, reported Q3 2026 revenue of $2.32B (+4% YoY) and adjusted EPS of $1.04. The company raised its earnings forecast for 2026, citing growth in aviation and manufacturing contracts. ABM offers a 2.3% dividend yield, covered by strong cash flow, and has increased dividends for 58 consecutive years. Trading at 11-12x forward earnings, ABM's valuation is modest but faces challenges in cost management and debt reduction.

ABM Industries (ABM) opened a semiconductor training center in Boise, Idaho, expanding its workforce development and addressing talent shortages in the chip industry. The center, part of ABM's broader strategy, aims to enhance higher-value technical services. Analysts are divided on its impact, with earnings expected to grow from $166.4M to $272.9M by 2029, but risks include pricing pressure and contract renewals.

ABM Industries (NYSE:ABM) reported Q3 revenue of $2.3B (+4.2% YoY) and EPS of $1.04 (+27%). It raised full-year EPS guidance to $3.95-$4.10 and increased free cash flow forecast to $210M. Analysts raised price targets but maintained Hold/Neutral ratings. Revenue from semiconductors, microgrids, and data centers grew 65%.

ABM stock has risen 12.7% over the past three months, outperforming its industry and the S&P 500. The company reports strong growth in semiconductor, microgrid, and data center markets, with revenues up 65%, 17%, and 8% respectively. Operating cash flow reached $146.8M in Q3 FY2026, and debt decreased to $1.8B. ABM raised its adjusted earnings outlook to $3.95-$4.10 per share.

ABM (NYSE:ABM) is up 5.7% since reporting, trading at $49.76. CECO Environmental (NASDAQ:CECO) reported 53.7% revenue growth, beating estimates, but its stock is down 2%. Driven Brands (NASDAQ:DRVN) reported mixed results, with stock down 16.4%. Pitney Bowes (NYSE:PBI) beat revenue expectations but stock fell 4.6%. Tetra Tech (NASDAQ:TTEK) beat estimates, stock up 5.6%. Market risks have shifted from AI to geopolitics.

ABM Industries (NYSE:ABM) reported a $150M+ increase in free cash flow for the first nine months of fiscal 2026, raising its full-year guidance. While newer businesses like semiconductors and microgrids grew, traditional segments like Business and Industry saw declines. Adjusted EPS rose 27% to $1.04, and the company met its leverage ratio target early.

ABM Industries (ABM) was upgraded to a Zacks Rank #2 (Buy) due to upward earnings estimate revisions. The company is expected to earn $3.97 per share for the fiscal year ending October 2026, with a 1.2% increase in the Zacks Consensus Estimate over the past three months. The upgrade reflects positivity about its earnings outlook, potentially leading to buying pressure and an increase in stock price.

Truist Securities raised its price target on ABM Industries to $49 from $45, maintaining a Hold rating. The stock has a 5-day change of +0.73%, a 1st Jan change of +5.06%, and a 16.86% year-to-date increase.

Analysts reiterated Buy ratings on AeroVironment (AVAV) with a $247 price target, ABM Industries (ABM) with a $58 target, and QXO Inc (QXO) with a $35 target. AVAV and QXO have Strong Buy consensus, while ABM has Moderate Buy. Current prices are $140.80, $49.74, and $12.71 respectively.