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Abbott (ABT) Q3 Earnings and Revenues Surpass Estimates
ABTAbbott(ABT) ZACKS·2024-10-16 13:41

Group 1 - Abbott reported quarterly earnings of 1.21pershare,exceedingtheZacksConsensusEstimateof1.21 per share, exceeding the Zacks Consensus Estimate of 1.20 per share, and up from 1.14pershareayearago,representinganearningssurpriseof0.831.14 per share a year ago, representing an earnings surprise of 0.83% [1] - The company achieved revenues of 10.64 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.71% and increasing from 10.14billionyear−over−year[1]−Overthelastfourquarters,AbbotthassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatesfourtimes[1]Group2−Thestock′simmediatepricemovementwilldependonmanagement′scommentaryduringtheearningscall,withAbbottshareshavinggainedabout5.410.14 billion year-over-year [1] - Over the last four quarters, Abbott has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call, with Abbott shares having gained about 5.4% year-to-date compared to the S&P 500's 21.9% gain [2] - The current consensus EPS estimate for the upcoming quarter is 1.34 on revenues of 10.87billion,andforthecurrentfiscalyear,itis10.87 billion, and for the current fiscal year, it is 4.66 on revenues of $41.77 billion [4] - The Medical - Products industry, to which Abbott belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook for the sector [5]