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Is A Surprise Coming For ABB Ltd (ABB) This Earnings Season?

By Zacks Investment ResearchStock MarketsFeb 06, 2018 09:11PM ET
www.investing.com/analysis/is-a-surprise-coming-for-abb-ltd-abb-this-earnings-season-200287905
Is A Surprise Coming For ABB Ltd (ABB) This Earnings Season?
By Zacks Investment Research   |  Feb 06, 2018 09:11PM ET
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Investors are always looking for stocks that are poised to beat at earnings season and ABB Ltd (NYSE:ABB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because ABB Ltd is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ABB in this report.

Analysts have very recently bumped up their estimates for ABB, giving the stock a Zacks Earnings ESP of +10.20% heading into earnings season.

ABB Ltd Price and EPS Surprise

ABB Ltd Price and EPS Surprise | ABB Ltd Quote

Why is this Important?

A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).

Given that ABB has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for ABB Ltd, and that a beat might be in the cards for the upcoming report.

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ABB Ltd (ABB): Free Stock Analysis Report

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Is A Surprise Coming For ABB Ltd (ABB) This Earnings Season?
 

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Is A Surprise Coming For ABB Ltd (ABB) This Earnings Season?

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