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ABB Ltd (ABBNY)
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.5Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -3.96%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in margin expansion and cash flow, particularly in Electrification and Motion, but also highlighted ongoing challenges in E-Mobility and Robotics & Discrete Automation. The growth in the data center market and successful acquisitions were key positives, while market-specific struggles in China and the Americas, alongside E-Mobility losses, were concerns.Company Guidance
During the ABB third quarter 2024 earnings call, several key metrics were discussed. Orders increased by 2%, with a positive book-to-bill ratio, and revenues improved by 2%, reaching $8.2 billion. However, excluding Robotics & Discrete Automation (RA) and E-mobility, revenues were up by 7% and 6% year-to-date. The operational EBITA margin remained strong at 19%, with a notable contribution from the Electrification business reaching a 24% margin. Meanwhile, the E-mobility business faced challenges, diluting the margin by about 100 basis points. Free cash flow was robust at $1.2 billion for the quarter, contributing to a year-to-date total of $2.6 billion, with a full-year target of at least $3.7 billion deemed achievable. Additionally, the Process Automation division maintained a solid plus 15% margin, while the Motion business reached a record margin of 20.7%. The company's order backlog grew by 4%, with significant growth in the Electrification and Motion divisions. Management outlined a softer revenue growth outlook below 5% for the full year, while anticipating an operational EBITA margin slightly above 18%.Record EBITA Margin
Operational EBITA margin reached 19%, with Electrification achieving a 24% margin and Process Automation delivering over 15%.
Strong Cash Flow
Year-to-date free cash flow reached $2.6 billion, with a target of matching last year's $3.7 billion looking achievable.
Data Center Market Growth
Strong order CAGR of 24% from 2019 to 2023 in the data center market, with expectations for double-digit growth in the midterm.
Successful Acquisitions
Acquisitions of Födisch Group and SEAM added $55 million and $90 million in revenues, respectively.
Electrification and Motion Achievements
Electrification delivered a record operational EBITA margin of 24.1% and Motion achieved a new all-time high margin.
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ABBNY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABBNY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $56.87 | $58.19 | +2.32% |
| Jul 18, 2024 | $57.74 | $54.63 | -5.39% |
| Apr 18, 2024 | $45.70 | $48.60 | +6.35% |
| Feb 01, 2024 | $42.05 | $42.56 | +1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ABB Ltd (ABBNY) report earnings?
ABB Ltd (ABBNY) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is ABB Ltd (ABBNY) earnings time?
ABB Ltd (ABBNY) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABBNY EPS forecast?
ABBNY EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
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