Stock Analysis
- Switzerland
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- Electrical
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- SWX:ABBN
ABB First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
ABB (VTX:ABBN) First Quarter 2024 Results
Key Financial Results
- Revenue: US$7.87b (flat on 1Q 2023).
- Net income: US$906.0m (down 13% from 1Q 2023).
- Profit margin: 12% (down from 13% in 1Q 2023).
- EPS: US$0.49 (down from US$0.56 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ABB EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 7.1%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electrical industry in Switzerland.
Performance of the Swiss Electrical industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - ABB has 1 warning sign we think you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether ABB is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SWX:ABBN
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.
Solid track record with excellent balance sheet and pays a dividend.