Company Performance - Abbott's stock closed at $128.47, reflecting a +2.4% change from the previous day's closing price, outperforming the S&P 500's loss of 0.16% [1] - Over the past month, Abbott's shares have decreased by 3.93%, underperforming the Medical sector's gain of 1.12% and the S&P 500's loss of 0.21% [1] Upcoming Financial Results - Abbott's upcoming EPS is projected at $1.5, indicating an 11.94% increase compared to the same quarter of the previous year [2] - Revenue is expected to reach $11.79 billion, representing a 7.48% growth compared to the corresponding quarter of the prior year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $5.15 per share and revenue at $44.6 billion, reflecting changes of +10.28% and +6.33% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for Abbott are important as they indicate changing near-term business trends, with upward revisions suggesting analysts' positivity towards the company's operations [4] - The consensus EPS projection has remained stable over the past 30 days, and Abbott currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Abbott's Forward P/E ratio is 24.37, which is a premium compared to the industry average Forward P/E of 19.3 [6] - The company has a PEG ratio of 2.29, while the average PEG ratio for Medical - Products stocks is 1.92 [7] Industry Context - The Medical - Products industry, part of the Medical sector, has a Zacks Industry Rank of 165, placing it in the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Why the Market Dipped But Abbott (ABT) Gained Today