Erste Group Bank Has Strong Forecast for ABB FY2027 Earnings

ABB Ltd (OTCMKTS:ABBNY) – Erste Group Bank lifted their FY2027 earnings per share (EPS) estimates for shares of ABB in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the industrial products company will post earnings of $3.54 per share for the year, up from their previous forecast of $3.45. The consensus estimate for ABB’s current full-year earnings is $3.62 per share.

ABB (OTCMKTS:ABBNY) last released its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). ABB had a net margin of 13.86% and a return on equity of 31.52%. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.34 billion.

A number of other analysts have also weighed in on ABBNY. Wall Street Zen lowered ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Pareto Securities upgraded shares of ABB from a “hold” rating to a “buy” rating in a research report on Thursday. Kepler Capital Markets lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen restated a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.00.

ABB Price Performance

ABB stock opened at $98.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. The firm has a market cap of $179.20 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.51 and a beta of 1.36. The business’s fifty day moving average is $104.97 and its two-hundred day moving average is $92.69. ABB has a 52 week low of $63.77 and a 52 week high of $110.20.

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.