ABM INDUSTRIES (ABM)
EARNINGS RELEASE - JUNE 17 (AMC)
* members only content
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .29/share REV: 1,490/M
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LAST QTR: EPS: .29/share ACTUAL: .39/share (BEAT)
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NEXT QTR: EPS: .37/share REV: 1,500/M
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FULL YR: EPS: 1.55/Share REV: 6,170/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 65% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 10.89, -12.94, 19.84
EXPECTED JUMP MOVE: 12-15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) — ABM (NYSE: ABM), a leading provider of facility solutions, today announced Earl Ellis as the Company’s Executive Vice President and Chief Financial Officer, effective November 30, reporting directly to President and Chief Executive Officer, Scott Salmirs. Ellis will join ABM from Best Buy Co., a leading Fortune 500 provider of consumer technology products and services with 125,000 employees in North America. Ellis has held several executive positions across finance, including Chief Financial Officer of Best Buy Canada and Senior Vice President of Finance in the U.S. for all revenue generating channels of Best Buy, including the 1,000 store network and e-commerce platform. Most recently, he has been responsible for leading enterprise-wide capital project planning, cost transformation and procurement, as well as supporting Digital & Technology and Global Real Estate. During his tenure at Best Buy Co., Ellis also spearheaded several strategic initiatives targeting labor and logistics.Salmirs stated, “Earl will be a valuable addition to the executive leadership team as we chart our path forward to capitalize on our continued momentum in the current environment. As we develop the next phase of our strategic transformation, his financial leadership, technological expertise, and results-oriented focus will be instrumental as we support our employees and answer the needs of our clients.”Prior to Best Buy Co., Ellis held executive leadership positions at several other public companies, including Canadian Tire and Campbell Soup Company. He also served in other accounting and finance roles at Kraft Foods, Coca-Cola and Wainman & Kydd Chartered Accountants. Ellis is a Chartered Accountant and received an honors degree in Economics and Management from the University of Guelph in Ontario, Canada.Salmirs concluded, “This is an extremely exciting time at ABM. We remain at the forefront of helping our economy navigate the pandemic and operate safely. Our team members are critical to our future, and we are committed to creating a corporate culture that will position us for long-term success and continue to drive shareholder value.”CONNECT WITH ABM * LinkedIn * Twitter * Facebook * YouTubeABOUT ABMABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $6.5 billion and more than 140,000 employees in 350+ offices throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes – from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.CONTACTMedia: Jennifer Miller (678) 595-0524 jennifer.miller@abm.comInvestor Relations & Treasury: Susie A. Kim (212) 297-9721 susie.kim@abm.com
NEW YORK, Oct. 16, 2020 (GLOBE NEWSWIRE) — ABM (NYSE: ABM), a leading provider of facility solutions, announced the initiation of an Energy Performance Contracting program for McKeesport Area School District (MASD), located in McKeesport, Pennsylvania. By creating projected savings of $7.8 million in energy and operating costs, ABM’s custom solution empowers MASD leadership to reallocate funds to critical improvements for their learning environment, including indoor air quality. “To really help schools today, facility solutions have to also be funding solutions,” said Scott Giacobbe, ABM’s Chief Revenue Officer. “I’m proud of our teams’ ability to find opportunities for energy and operational savings, and then use that to improve learning spaces within a model of good fiscal stewardship, like we were able to do with McKeesport.”The main facility of McKeesport Area High School was completed in 1961 without air conditioning. Installing a new HVAC system to improve ventilation, temperature, and humidity control required engineers to design a custom facility retrofit.In addition to energy savings and operational cost reductions from improved lighting, HVAC, and building control systems throughout the district, the project enabled improvements for both athletic and STEM facilities. Renovations to four science labs included exhaust hoods and other safety equipment. The new track surface reasserts McKeesport’s eligibility to host track meets, including WPIAL (Western Pennsylvania Interscholastic Athletic League) events.ABM’s Energy Performance Contracting Program enables a school system to invest in critical facility upgrades without drawing new capital from the community. The program is designed to drive costs out of a district’s operating budget, redirecting savings to fund critical facility needs and educational initiatives. ABM works with more than 500 K-12 school systems, colleges, and universities throughout the U.S. This video outlines how ABM provides a way to empower investment in educational facilities without upfront costs or tax increases.“MASD utilized ABM to make much needed upgrades to several of our facilities,” said Dr. Mark P. Holtzman, Jr., Superintendent of McKeesport Area School District. “Those improvements allow us to continue to provide a first-class experience on our campuses for our students and staff inside and outside of our classrooms.”McKeesport Area School District serves approximately 3,200 students from Pre-K through 12th grade for the communities of McKeesport, Dravosburg, White Oak, Versailles, and South Versailles. The project provided upgrades for every school and McKeesport Stadium, helping to improve educational equity across the district. Highlights include the following energy conservation measures and upgrades for educational and athletic spaces: * Adding air conditioning to McKeesport Area High School (MAHS), including on-site construction and piping required * Installing new and upgraded building automation systems, including a web-based front-end and new controllers, valves, actuators, and sensors * Renovating four science labs, including new lab hoods, fans, and duct work, new work surfaces, sinks, gas valves, and eyewash stations * Replacing or upgrading HVAC assets, such as new split systems, rooftop units, and energy-saving variable frequency drives (VFDs) * Upgrading boiler plants, including boiler and domestic water heater replacements * Installing a new pool heater rated for 98% thermal efficiency * Retrofitting and replacing lighting with efficient LED technology * Replacing oversized transformers with new, energy-efficient transformers and installing capacitor banks for power factor correction * Installing water conservation for each school, including repairs to the rainwater harvesting system at Twin Rivers Elementary * Providing computer power management software throughout the district, including technical support and updates * Renovating MAHS and McKeesport Stadium locker rooms including plumbing and piping, locker replacements, flooring upgrades and wall repairs * Repairing and weatherproofing stadium facilities, including bleachers and fencing * Repairing exterior windows and damaged interior walls at Founders Hall Middle School * Installing new control systems to operate existing geothermal systems efficiently at Twin Rivers ElementaryAdditional technical work and expertise was provided by franchisees with ABM Franchising Group’s Linc Service and TEGG networks. Linc Service contractor Reno Bros. in New Brighton, PA, contributed to HVAC replacement and retrofitting. TEGG contractor Schultheis Electric in Latrobe, PA, contributed to transformer removal and replacement.CONNECT WITH ABM * LinkedIn * Twitter * Facebook * YouTubeABOUT ABM ABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $6.5 billion and approximately 140,000 employees in 350+ offices throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes – from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit www.abm.com.CONTACTMedia: Kristy Miller (678) 268-4242 kristy.miller@abm.comInvestor Relations and Treasury: Susie A. Kim (212) 297-9721 susie.kim@abm.com
ABM Industries (ABM) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Zacks.com featured highlights include: ABM Industries, AAR Corp., Boise Cascade, Owens & Minor and Covenant Logistics
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Trading an earnings catalyst events can be very rewarding (5-20% returns in a matter of minutes or hours) but it is also very risky. Timing plays a key role in whether a trade is profitable or not. Here is our general guideline for how we trade these events in-house.
ENTRY: The system for entry is simple and mechanical. We enter our position at or near market close based on the Trajectory Analysis study (SEE TRADE PLAN TAB) completed a few hours prior. For stock trades it’s a simple BUY or SELL order based on a preset trade allocation amount. Options trades cannot be traded after-hours.
After the earnings release occurs in the aftermarket, we review the financial data and see how it compares to our models. Was it a beat or a miss on expectations? What does the forward guidance look like? Are there other important supplemental metrics reported? (such as subscribers, or same-store sales etc). Often the stock price can swing wildly if the release metrics are mixed or there is no clear cut bull or bear bias. We decide if we stay in and ride it, or get out in the aftermarket.
EXIT: In the majority of cases where the direction call was correct (short or long) the best time to take profit is the following day about an hour after market open. If the direction call was wrong, or the release data is mixed, we find it best to get out of the trade quickly in the aftermarket, cutting losses or taking a small profit if possible. If the actual release numbers meets or exceeds or models, we stay in and ride the profits (short or long). Exiting a trade is more art than science, based on experience trading that particular stock, general market conditions and the momentum of the market reaction to the release news.
PROFIT/LOSS: Knowing when to take profit or a loss on a trade is an individual decision based on experience and the risk/reward appetite of a trader. This is why traders can lose money on the same event that another trader profited from. None of this is easy and the risk is high. The more experience trading volatile catalyst events the easier it becomes to make good trading decisions. Before you decide to trade this event you should ready all the risks associated with this type of trading. (see risk disclosures here)
| Avg Daily Volume: 564,732 Market Cap: 2.10B Sector: Services Short Interest: 5.56 |
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by Team Stockjumpers