FY2027 Earnings Forecast for ABB Issued By Erste Group Bank

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

ABB (OTCMKTS:ABBNY) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.13). ABB had a return on equity of 31.94% and a net margin of 13.86%.The business had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.34 billion.

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

ABB Price Performance

Shares of OTCMKTS:ABBNY opened at $96.61 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 52 week low of $63.76 and a 52 week high of $110.20. The company has a market cap of $176.13 billion, a P/E ratio of 35.52, a PEG ratio of 1.62 and a beta of 1.36. The company has a 50-day moving average price of $105.14 and a 200 day moving average price of $92.65.

ABB Company Profile

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.