Abbott Laboratories <ABT.N> expected to post earnings of $1.10 a share - Earnings Preview
Abbott Laboratories ABT.N, ABT is expected to show a rise in quarterly revenue when it reports results on July 18 for the period ending June 30 2024
The Abbott Park Illinois-based company is expected to report a 3.9% increase in revenue to $10.371 billion from $9.98 billion a year ago, according to the mean estimate from 19 analysts, based on LSEG data. (Sales/Revenue Majority basis is on Total Revenue.)
LSEG's mean analyst estimate for Abbott Laboratories is for earnings of $1.10 per share. The company's EPS guidance on April 17 2024, for the period ended June 30, was between $1.08 and $1.12
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Abbott Laboratories is $125.00, above its last closing price of $102.96.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2024 | 0.96 | 0.95 | 0.98 | Beat | 2.6 |
Dec. 31 2024 | 1.19 | 1.19 | 1.19 | Met | 0.1 |
Jan. 1 0001 | 1.09 | 1.10 | 1.14 | Beat | 3.9 |
Jun. 30 2023 | 1.06 | 1.05 | 1.08 | Beat | 2.9 |
Mar. 31 2023 | 0.99 | 0.99 | 1.03 | Beat | 4.3 |
Dec. 31 2022 | 0.93 | 0.92 | 1.03 | Beat | 12.2 |
Sep. 30 2022 | 0.95 | 0.94 | 1.15 | Beat | 21.8 |
Jun. 30 2022 | 1.15 | 1.13 | 1.43 | Beat | 26.8 |
This summary was machine generated July 16 at 12:44 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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