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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.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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