What is Erste Group Bank's Estimate for ABB FY2027 Earnings?

Key Points

• Erste Group Bank raised its FY2027 EPS estimate for ABB to $3.69, up from $3.67, but maintained a “Hold” rating. The estimate remains below the $3.78 consensus forecast.
• ABB’s latest quarterly results were mixed: EPS was $0.66, missing expectations of $0.79, while revenue of $9.47 billion exceeded the $9.34 billion consensus estimate.
• Analyst sentiment remains broadly neutral, with ABB holding a consensus “Hold” rating and an average price target of $58.00.

ABB Ltd (OTCMKTS:ABBNY - Free Report) - Equities research analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for shares of ABB in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the industrial products company will post earnings of $3.69 per share for the year, up from their prior estimate of $3.67. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for ABB's current full-year earnings is $3.78 per share.

ABB (OTCMKTS:ABBNY - Get Free Report) 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). ABB had a return on equity of 31.25% and a net margin of 13.86%.The company had revenue of $9.47 billion during the quarter, compared to analysts' expectations of $9.34 billion.

Other analysts have also issued research reports about the stock. Berenberg Bank upgraded shares of ABB to a "hold" rating in a research note on Monday, June 1st. Dnb Carnegie upgraded shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of ABB in a research report on Tuesday, July 21st. TD Cowen reaffirmed a "hold" rating on shares of ABB in a research report on Tuesday, June 30th. Finally, Pareto Securities upgraded ABB from a "hold" rating to a "buy" rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $58.00.

ABB Stock Performance

OTCMKTS ABBNY opened at $97.69 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $178.10 billion, a P/E ratio of 35.27, a PEG ratio of 1.32 and a beta of 1.36. The business has a fifty day simple moving average of $98.42 and a 200 day simple moving average of $97.65. ABB has a 12 month low of $67.24 and a 12 month high of $110.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ABB stock. North Star Asset Management Inc. bought a new stake in shares of ABB Ltd (OTCMKTS:ABBNY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

ABB Company Profile

ABB Ltd. is a Swiss-Swedish technology company that develops electrification, automation and industrial solutions for customers in utilities, infrastructure, transportation, manufacturing, energy and other industries. Its offerings are designed to improve energy efficiency, productivity, reliability and operational safety.

The company's principal businesses include electrification products and systems, industrial automation, motion technologies and robotics and discrete automation. Products and services include electrical distribution equipment, building and power-management solutions, drives, motors, control systems, measurement and analytics technologies, industrial robots, collaborative robots and related software and maintenance services.

ABB was formed in 1988 through the merger of Sweden's ASEA and Switzerland's Brown Boveri, two engineering companies with roots dating to the late nineteenth century.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.