Unlocking Q4 Potential of Abbott (ABT): Exploring Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Abbott (ABT) will announce quarterly earnings of $1.34 per share in its forthcoming report, representing an increase of 12.6% year over year. Revenues are projected to reach $11.02 billion, increasing 7.6% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.With that in mind, let's delve into the average projections of some Abbott metrics that are commonly tracked and projected by analysts on Wall Street.According to the collective judgment of analysts, 'Net sales- Medical Devices- Rhythm Management- Total' should come in at $623.50 million. The estimate suggests a change of +7.1% year over year.It is projected by analysts that the 'Net sales- Medical Devices- Diabetes Care' will reach $1.82 billion. The estimate indicates a change of +17.3% from the prior-year quarter.Based on the collective assessment of analysts, 'Net sales- Established Pharmaceuticals' should arrive at $1.31 billion. The estimate points to a change of +6.9% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Net sales- Diagnostics' of $2.57 billion. The estimate indicates a change of +1.4% from the prior-year quarter.Analysts expect 'Net sales- Diagnostics- U.S.' to come in at $1.03 billion. The estimate points to a change of +0.9% from the year-ago quarter.Analysts forecast 'Net sales- Diagnostics- International' to reach $1.54 billion. The estimate points to a change of +1.7% from the year-ago quarter.The consensus among analysts is that 'Net sales- Nutrition- International' will reach $1.21 billion. The estimate indicates a year-over-year change of +3.1%.The consensus estimate for 'Net sales- Nutrition- U.S.' stands at $942.92 million. The estimate points to a change of +9.6% from the year-ago quarter.Analysts' assessment points toward 'Net sales- Medical Devices- Neuromodulation- International' reaching $50.56 million. The estimate indicates a change of +17.6% from the prior-year quarter.Analysts predict that the 'Net sales- Medical Devices- Rhythm Management- U.S.' will reach $303.63 million. The estimate indicates a year-over-year change of +6.5%.The average prediction of analysts places 'Net sales- Medical Devices- Rhythm Management- International' at $318.99 million. The estimate points to a change of +7.4% from the year-ago quarter.The combined assessment of analysts suggests that 'Net sales- Medical Devices- Structural Heart- U.S.' will likely reach $279.89 million. The estimate indicates a year-over-year change of +21.2%.View all Key Company Metrics for Abbott here>>>Shares of Abbott have demonstrated returns of -0.7% over the past month compared to the Zacks S&P 500 composite's -3.3% change. With a Zacks Rank #2 (Buy), ABT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abbott Laboratories (ABT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks