Erste Group Bank Issues Optimistic Estimate for ABB Earnings

ABB Ltd (OTCMKTS:ABBNY) – Equities researchers at Erste Group Bank raised their FY2026 EPS estimates for shares of ABB in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the industrial products company will earn $3.38 per share for the year, up from their previous forecast of $3.31. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for ABB’s current full-year earnings is $3.84 per share. Erste Group Bank also issued estimates for ABB’s FY2027 earnings at $3.74 EPS.

A number of other equities analysts have also weighed in on ABBNY. TD Cowen reiterated a “hold” rating on shares of ABB in a research report on Tuesday, June 30th. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research note on Thursday, June 18th. Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research note on Tuesday, July 21st. Finally, Pareto Securities upgraded shares of ABB from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

ABB Stock Performance

OTCMKTS:ABBNY opened at $95.53 on Tuesday. The stock has a 50-day simple moving average of $98.13 and a two-hundred day simple moving average of $99.09. The firm has a market capitalization of $174.17 billion, a PE ratio of 34.49, a P/E/G ratio of 1.28 and a beta of 1.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.43. ABB has a 52-week low of $67.24 and a 52-week high of $110.20.

ABB (OTCMKTS:ABBNY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.13). The business had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.34 billion. ABB had a return on equity of 31.25% and a net margin of 13.86%.

Hedge Funds Weigh In On ABB

A hedge fund recently bought a new position in ABB stock. North Star Asset Management Inc. acquired a new position in ABB Ltd (OTCMKTS:ABBNY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,205 shares of the industrial products company’s stock, valued at approximately $240,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

ABB Company Profile

ABB Ltd. is a Switzerland-based global technology company that develops electrification, automation and motion solutions for industrial, commercial and utility customers. Its products and systems help organizations improve energy efficiency, operational productivity, reliability and sustainability across a range of applications.

The company’s business activities include electrical distribution and control equipment, low- and medium-voltage products, industrial drives, motors, power-conversion systems, robotics and machine-automation technologies.