Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Abbott Laboratories (ABT) Q4 Earnings Report Preview: What To Look For

ABT Cover Image

Healthcare product and device company Abbott Laboratories (NYSE: ABT) will be announcing earnings results tomorrow before the bell. Here’s what to look for.

Abbott Laboratories met analysts’ revenue expectations last quarter, reporting revenues of $11.37 billion, up 6.9% year on year. It was a mixed quarter for the company, with organic revenue in line with analysts’ estimates but revenue in line with analysts’ estimates.

Is Abbott Laboratories a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Abbott Laboratories’s revenue to grow 7.6% year on year to $11.8 billion, in line with the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.49 per share.

Abbott Laboratories Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Abbott Laboratories has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Abbott Laboratories’s peers in the healthcare equipment and supplies segment, only Neogen has reported results so far. It beat analysts’ revenue estimates by 7.2%, posting year-on-year sales declines of 2.8%. The stock traded up 30.4% on the results.

Read our full analysis of Neogen’s earnings results here.

There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 2.4% on average over the last month. Abbott Laboratories is down 2.7% during the same time and is heading into earnings with an average analyst price target of $144.75 (compared to the current share price of $121.14).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  231.00
+0.00 (0.00%)
AAPL  246.70
+0.00 (0.00%)
AMD  231.92
+0.00 (0.00%)
BAC  52.10
+0.00 (0.00%)
GOOG  322.16
+0.00 (0.00%)
META  604.12
+0.00 (0.00%)
MSFT  454.52
+0.00 (0.00%)
NVDA  178.07
+0.00 (0.00%)
ORCL  179.92
+0.00 (0.00%)
TSLA  419.25
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.