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Your Two Minute Earnings Preview for Abbott Labs (ABT) Stock
Today’s short video takes a closer look at Abbott Labs (ABT - Free Report) stock ahead of their earnings report. The company has seen extremely choppy trading as of late, and it will be up to this coming release to right the ship.
Fortunately for ABT investors, the stock has a great track record in earnings season which includes beats stretching back to 2013. The company also has a ‘B’ for its VGM score, so fundamentals are pretty strong for this stock as well.
However, investors should note that earnings estimate revisions have come in pretty weak as of late, pushing the stock down into ‘sell’ territory. Add in a bottom 20% industry rank, and this could be a name to stay away from this earnings season, at least until we see some better numbers on the earnings estimate and Zacks Rank fronts.
ABBOTT LABS Price, Consensus and EPS Surprise
ABBOTT LABS Price, Consensus and EPS Surprise | ABBOTT LABS Quote
Abbott Labs reports on October 19th before the bell, and we are looking for earnings of $0.58/share. Make sure to watch the video for a quick guide to ABT heading into the report, but if you want to learn more about trading in earnings season, check out our podcast below: