ABB (ABB) Earning Somewhat Positive News Coverage, Study Finds
Headlines about ABB (NYSE:ABB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABB earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8825055567537 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Factory Automation Market Size, Opportunity Assessment, Comprehensive Analysis, Global Trends and Industry Poised for Rapid Growth by 2022 (consumerelectronicsnet.com)
- Intraday reports for ABB India Ltd.(ABB, 500002) Stock & Share Prices – January 16, 2018 – Outlook India (outlookindia.com)
- ABB satellite-based technologies help improve weather forecasts and save lives (finance.yahoo.com)
- Intraday reports for ABB India Ltd.(ABB, 500002) Stock & Share Prices – January 15, 2018 – Outlook India (outlookindia.com)
- ABB Ltd (NYSE:ABB) – P/E and PEG Value Under Consideration – Nasdaq Journal (press release) (nasdaqjournal.com)
ABB has been the topic of several recent analyst reports. Zacks Investment Research lowered ABB from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Robert W. Baird reissued a “buy” rating and issued a $29.00 target price on shares of ABB in a report on Wednesday, October 4th. Goldman Sachs Group raised ABB from a “neutral” rating to a “conviction-buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ABB in a report on Friday, November 24th. Finally, Jefferies Group set a $20.00 target price on ABB and gave the company a “sell” rating in a report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.67.
ABB (NYSE:ABB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. ABB had a net margin of 6.79% and a return on equity of 18.65%. The company had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. ABB’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts anticipate that ABB will post 1.25 earnings per share for the current year.
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ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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