Erste Group Bank Has Strong Forecast for ABB FY2027 Earnings

ABB Ltd (OTCMKTS:ABBNY) – Equities researchers at Erste Group Bank increased their FY2027 EPS estimates for ABB in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the industrial products company will post earnings per share of $3.54 for the year, up from their prior estimate of $3.45. The consensus estimate for ABB’s current full-year earnings is $3.61 per share.

Several other research analysts have also recently weighed in on ABBNY. Berenberg Bank raised shares of ABB to a “hold” rating in a report on Monday, June 1st. Citigroup reissued a “neutral” rating on shares of ABB in a research note on Thursday, June 18th. TD Cowen restated a “hold” rating on shares of ABB in a research note on Tuesday, June 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Finally, Pareto Securities upgraded ABB from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $58.00.

ABB Stock Performance

OTCMKTS ABBNY opened at $98.29 on Friday. The company’s 50 day simple moving average is $104.97 and its two-hundred day simple moving average is $92.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05. ABB has a 1 year low of $63.77 and a 1 year high of $110.20. The stock has a market capitalization of $179.20 billion, a PE ratio of 35.48, a P/E/G ratio of 1.54 and a beta of 1.36.

ABB (OTCMKTS:ABBNY) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.13). The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a net margin of 13.86% and a return on equity of 31.52%.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.