Erste Group Bank Has Positive Opinion of ABB FY2027 Earnings

Key Points

• Erste Group Bank raised ABB’s FY2027 EPS forecast to $3.76 from $3.74 but maintained a “Hold” rating; the estimate remains below the $3.89 consensus for the current full year.
• ABB reported quarterly EPS of $0.68, missing analysts’ $1.10 consensus by $0.42, while revenue reached $9.70 billion.
• Analyst sentiment remains cautious overall, with MarketBeat reporting a consensus “Hold” rating from two Strong Buy, one Buy and ten Hold recommendations.

ABB Ltd (OTCMKTS:ABBNY - Free Report) - Research analysts at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for shares of ABB in a report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the industrial products company will earn $3.76 per share for the year, up from their previous forecast of $3.74. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for ABB's current full-year earnings is $3.89 per share.

ABBNY has been the topic of several other research reports. Dnb Carnegie raised ABB from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of ABB in a research note on Tuesday, September 22nd. Zacks Research raised shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Friday, September 18th. Royal Bank Of Canada restated a "sector perform" rating on shares of ABB in a research note on Tuesday, July 21st. Finally, TD Cowen restated a "hold" rating on shares of ABB in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

ABB Stock Performance

OTCMKTS:ABBNY opened at $83.69 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. The stock has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $94.59. The firm has a market capitalization of $152.58 billion, a PE ratio of 29.64, a P/E/G ratio of 1.00 and a beta of 1.35. ABB has a 52-week low of $67.24 and a 52-week high of $110.20.

ABB (OTCMKTS:ABBNY - Get Free Report) last announced its earnings results on Tuesday, October 20th. The industrial products company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.42). ABB had a return on equity of 31.11% and a net margin of 13.55%. The company had revenue of $9.70 billion during the quarter.

Institutional Investors Weigh In On ABB

An institutional investor recently bought a new stake in ABB stock. North Star Asset Management Inc. bought a new position in shares of ABB Ltd (OTCMKTS:ABBNY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,205 shares of the industrial products company's stock, valued at approximately $240,000. 1.06% of the stock is owned by institutional investors and hedge funds.

ABB Company Profile

ABB Ltd. OTCMKTS: ABBNY is a Swiss-Swedish technology company that develops products, systems and services for electrification, industrial automation and energy management. Its offerings include electrical distribution equipment, industrial control systems, motors, drives, measurement and analytical instruments, and software designed to improve the efficiency, reliability and sustainability of industrial and commercial operations.

The company also provides robotics and automation solutions for manufacturing, logistics and other industrial applications.

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