ABB (ABB) Set to Announce Quarterly Earnings on Thursday
ABB (NYSE:ABB) is set to post its Q113 quarterly earnings results on Thursday, October 24th. Analysts expect ABB to post earnings of $0.37 per share and revenue of $10.25 billion for the quarter.
ABB (NYSE:ABB) last released its earnings data on Thursday, July 25th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect ABB to post $1.43 EPS for the current fiscal year and $1.62 EPS for the next fiscal year.
Shares of ABB (NYSE:ABB) traded up 0.65% on Wednesday, hitting $24.62. 1,209,612 shares of the company’s stock traded hands. ABB has a 52-week low of $17.14 and a 52-week high of $23.37. The stock’s 50-day moving average is $22.29 and its 200-day moving average is $22.30. The company has a market cap of $56.542 billion and a price-to-earnings ratio of 20.15.
A number of analysts have recently weighed in on ABB shares. Analysts at Berenberg Bank raised their price target on shares of ABB from $20.10 to $23.90 in a research note to investors on Monday. They now have a “hold” rating on the stock. On the ratings front, analysts at Morgan Stanley upgraded shares of ABB from an “underweight” rating to an “equal weight” rating in a research note to investors on Tuesday, October 8th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of ABB from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, October 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.90.
ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.
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