Is Abbott Laboratories (ABT) Expected to Post Impressive Earnings This Week?

We recently published a list of 10 Stocks Expected To Post Impressive Earnings This Week. In this article, we are going to take a look at where Abbott Laboratories (NYSE:ABT) stands against other stocks expected to post impressive earnings this week.

The earnings season is in full flow as we kick off the week with earnings from big names like Netflix and United Airlines. Most of the big names are expecting a positive earnings report with some even hitting 52-week highs in anticipation of the upcoming earnings.

The S&P is up 0.5% while the Dow is about to hit the 1% mark, reflecting the positive sentiment among the US traders.  We decided to compile a list of the top names scheduled to announce their earnings this week, looking at what was driving the optimism behind their earnings.

To come up with the list of 10 stocks expected to post impressive earnings this week, we only considered stocks with a market cap of over $30 billion that are scheduled to announce their earnings this week.

An operating room with a doctor monitoring a patient’s vital signs during surgery with a medical device.

Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) is a healthcare products provider that operates through medical devices, established pharmaceutical products, and other segments. The company’s Q3 performance was good as revenue grew 5% as compared to the previous year.

Now investors await the Q4 earning results which will be released on Wednesday. Abbott (NYSE:ABT) is projected to generate revenue worth $11.04 billion in Q4 while the EPS is estimated to clock in at $1.04. Wall Street analysts are bullish on the stock’s performance, indicating a 15% increase from the current price with an average target price of $130.54.

Abbott Laboratories (NYSE:ABT) struggled in the first half of 2024 but it regained in the second half. In the past five trading days, the stock’s performance suggests investors are optimistic about the earnings. The company is expected to continue attracting investor attention into 2025 because of its financial stability and attractive dividend yield of over 2%.

Overall, ABT ranks 7th on our list of stocks expected to post impressive earnings this week. While we acknowledge the potential of ABT as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ABT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.