Erste Group Bank Issues Optimistic Forecast for ABB Earnings

ABB Ltd (OTCMKTS:ABBNY) – Equities research analysts at Erste Group Bank lifted their FY2026 EPS estimates for shares of ABB in a report issued on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the industrial products company will post earnings per share of $3.18 for the year, up from their prior forecast of $3.15. The consensus estimate for ABB’s current full-year earnings is $3.60 per share. Erste Group Bank also issued estimates for ABB’s FY2027 earnings at $3.45 EPS.

A number of other brokerages also recently commented on ABBNY. Deutsche Bank Aktiengesellschaft raised shares of ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Zacks Research raised shares of ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Berenberg Bank upgraded shares of ABB to a “hold” rating in a research note on Monday, June 1st. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $58.00.

ABB Stock Performance

Shares of ABBNY opened at $98.50 on Thursday. The firm has a 50-day moving average of $98.89 and a 200-day moving average of $86.68. ABB has a one year low of $56.25 and a one year high of $110.20. The company has a market cap of $179.58 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.