Analysts expect decreased profit for ABB Ltd (ADR) when the company reports its first quarter results on Thursday, July 23, 2015. Although ABB Ltd reported profit of 28 cents a year ago, the consensus estimate calls for earnings per share of 26 cents.
The consensus estimate has fallen over the past three months, from 28 cents. For the fiscal year, analysts are expecting earnings of $1.13 per share. After being $11.37 billion a year ago, analysts project revenue to drop 20% year-over-year to $9.09 billion for the quarter. For the year, revenue is projected to roll in at $36.83 billion.
Over the last four quarters, the company saw a year-over-year drop in revenue by an average of 1%. The biggest fall was in the most recent quarter, when it fell 9% from the year-earlier quarter.
Over the last four quarters, income has increased 2% on average year-over-year. The biggest increase came in the most recent quarter, when income rose 30% from the year-earlier quarter.
ABB provides power and automation technologies that are designed to improve performance and lower the environmental impact for its utility and industrial customers. Powell Industries, Inc., also in the electronic instr. and controls industry, will report earnings on Tuesday, August 4, 2015. Analysts are expecting earnings of $0.50 per share for Powell Industries, up 108% from last year's earnings of $0.24 per share. Jinpan International, another company in the electronic instr. and controls industry is also expected to report soon, on Tuesday, August 11, 2015.
Earnings estimates provided by Zacks.
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