For the quarter ended June 2026, ABB (ABBNY - Free Report) reported revenue of $9.48 billion, up 6.5% over the same period last year. EPS came in at $0.66, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.34 billion, representing a surprise of +1.46%. The company delivered an EPS surprise of -16.46%, with the consensus EPS estimate being $0.79.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ABB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Orders received: $12.04 billion compared to the $10.64 billion average estimate based on two analysts.Orders received - Electrification Products: $7.23 billion compared to the $6.13 billion average estimate based on two analysts.Orders received - Industrial / Process Automation: $2.45 billion versus the two-analyst average estimate of $2.49 billion.Orders received - Corporate and Other: $-235 million versus the two-analyst average estimate of $-348.15 million.Book-to-bill -Total: 1.3% versus the two-analyst average estimate of 1.1%.Book-to-bill - Electrification: 1.4% compared to the 1.2% average estimate based on two analysts.Book-to-bill - Industrial Automation: 1.1% compared to the 1.2% average estimate based on two analysts.Book-to-bill - Motion: 1.2% versus 1% estimated by two analysts on average.Revenues- Electrification Products: $5.2 billion versus the two-analyst average estimate of $5.14 billion.Revenues- Motion: $2.22 billion compared to the $2.28 billion average estimate based on two analysts.Revenues- Corporate: $-135 million versus the two-analyst average estimate of $-204.6 million.Revenues- Industrial / Process Automation: $2.19 billion compared to the $2.16 billion average estimate based on two analysts.View all Key Company Metrics for ABB here>>>
Shares of ABB have returned -2.1% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas Purchase Licensing Rights, opens new tab
BENGALURU, July 13 (Reuters) - Tata Consultancy Services (TCS.NS), opens new tab has secured a multi-million contract from Swiss-Swedish industrial technology firm ABB (ABBN.S), opens new tab, India's top software services firm said on Monday.
Here are some details:
Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.
TCS will design and run ABB’s global network ecosystem as an AI-driven service and secure its infrastructure through cybersecurity offerings.
The Indian firm did not provide details including financials and the duration of the deal.
The contract is an extension of a 20-year partnership between the companies, where TCS had previously consolidated multiple accounting software into a single SAP platform for ABB.
Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sonia Cheema
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SummaryABB Ltd. is positioned as a premier play on electrification and automation infrastructure supporting AI, grid modernization, and industrial efficiency.ABBNY's portfolio is becoming more focused, highlighted by the $5.375B Robotics divestiture, driving higher margins and growth in core electrification businesses.Q1 2026 results demonstrated 32% order growth, record backlog, margin expansion, and robust free cash flow, supporting upgraded guidance and long-term bullish compounding.While ABBNY trades at a premium valuation near 38x earnings, its record backlog, capital returns, and secular growth drivers justify a bullish long-term outlook for quality-focused investors. PhonlamaiPhoto/iStock via Getty Images
Investment Thesis ABB Ltd. (ABBNY) is no longer simply a European diversified industrial with an acceptable automation brand. I see a stronger bull case for ABB as being one of the few "clean" ways to invest in
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ABB (ABBNY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ABB is one of 181 individual stocks in the Industrial Products sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 13.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ABBNY has moved about 46.6% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 21.6%. This means that ABB is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, CECO Environmental (CECO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 64.4%.
For CECO Environmental, the consensus EPS estimate for the current year has increased 29.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ABB belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have gained 26.9% this year, meaning that ABBNY is performing better in terms of year-to-date returns.
In contrast, CECO Environmental falls under the Pollution Control industry. Currently, this industry has 5 stocks and is ranked #214. Since the beginning of the year, the industry has moved +6.1%.
Investors interested in the Industrial Products sector may want to keep a close eye on ABB and CECO Environmental as they attempt to continue their solid performance.
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has ABB (ABBNY - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
ABB is a member of our Industrial Products group, which includes 179 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 0.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ABBNY has gained about 10% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.4% on average. This means that ABB is performing better than its sector in terms of year-to-date returns.
Karat Packing (KRT - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.7%.
For Karat Packing, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, ABB is a member of the Manufacturing - Electronics industry, which includes 13 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 6.7% so far this year, meaning that ABBNY is performing better in terms of year-to-date returns.
On the other hand, Karat Packing belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #163. The industry has moved -5.7% year to date.
ABB and Karat Packing could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
ABB (ABBNY - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this industrial automation company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for ABB is 20.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 27.6% this year, crushing the industry average, which calls for EPS growth of 10.1%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for ABB is 13.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of 9.3%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12.4% over the past 3-5 years versus the industry average of 11.1%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for ABB. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.
Bottom LineABB has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that ABB is a potential outperformer and a solid choice for growth investors.
HomeInvestingStocksYour Digital SelfYour Digital SelfInstitutional investors are buying providers of the ‘picks and shovels’ as data centers strain the electric gridLast Updated: April 9, 2026 at 11:32 a.m. ET
First Published: April 8, 2026 at 2:04 p.m. ET
U.S. utilities are faced with something they haven’t seen in a generation: sustained, growing electricity demand, driven by artificial-intelligence data centers and widespread electrification.
The debate over AI’s energy appetite typically centers on power generation: oil versus renewables, nuclear versus natural gas. But a closer look at infrastructure constraints reveals a different binding factor: the physical grid itself.
ABB Ltd (NYSE:ABBNY – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $98.42 and last traded at $97.85, with a volume of 191660 shares. The stock had previously closed at $93.86.
Analyst Upgrades and Downgrades Several research analysts have issued reports on ABBNY shares. Kepler Capital Markets raised ABB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen raised ABB from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Citigroup cut ABB from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Zacks Research cut ABB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ABB has a consensus rating of “Hold” and an average price target of $58.00.
Read Our Latest Report on ABB
ABB Trading Up 4.3% The company has a fifty day simple moving average of $87.47 and a 200-day simple moving average of $79.30. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The stock has a market cap of $180.43 billion, a price-to-earnings ratio of 46.16, a P/E/G ratio of 2.48 and a beta of 1.28.
ABB Company Profile (Get Free Report)
ABB Ltd. is a global engineering and technology company headquartered in Zürich, Switzerland, with roots dating to the 1988 merger of ASEA and Brown, Boveri & Cie. The company develops and supplies technologies that enable electrification, automation and digitalization across utility, industrial, transportation and infrastructure markets. ABB’s offerings span hardware, software and services designed to improve efficiency, reliability and sustainability for its customers.
ABB’s principal activities include electrification products and systems for power distribution and management; industrial and factory automation solutions; robotics and discrete automation for manufacturing; and motion technologies including electric motors and drives.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Diamondback Energy (FANG - Free Report) : This company, which is an independent oil and gas exploration and production company with its primary focus on the Permian Basin, has seen the Zacks Consensus Estimate for its current year earnings increasing 93.1% over the last 60 days.
TAL Education Group (TAL - Free Report) : This company, which provides K-12 after-school tutoring service in China, has seen the Zacks Consensus Estimate for its current year earnings increasing 26.3% over the last 60 days.
ABB (ABBNY - Free Report) : This leading technology company, which provides products and services in automated manufacturing, providing digital solutions, electrification of industry and transport and enhancing productivity, has seen the Zacks Consensus Estimate for its current year earnings increasing 19.6% over the last 60 days.
Kforce (KFRC - Free Report) : This company, which provide professional staffing services and solutions to clients on both a temporary and permanent basis through our Technology and Finance and Accounting segments, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.
Asahi Kasei (AHKSY - Free Report) : This company, which provides innovative solutions based in chemistry and materials science to a diverse range of markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check out this week’s current list of Best Stocks to Buy Now.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 30:
Teradyne (TER - Free Report) : This company, which designs, develops, manufactures and sells automated test equipment and robotics products, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.
Teradyne’s shares gained 22.8% over the last three months compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of A.
ABB (ABBNY - Free Report) : This leading technology company, which provides products and services that can be used in automated manufacturing, providing digital solutions, electrification of industry and transport and enhancing productivity, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.6% over the last 60 days.
ABB’s shares gained 12.2% over the last three months compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of A.
Kforce (KFRC - Free Report) : This company, which provide professional staffing services and solutions to clients on both a temporary and permanent basis through our Technology and Finance and Accounting segments, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.
Kforce’s shares gained 29.2% over the past three months compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of A.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check out this week’s current list of Best Stocks to Buy Now.
Learn more about the Momentum score and how it is calculated here.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at ABB (ABBNY - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. ABB currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if ABBNY is a promising momentum pick, let's examine some Momentum Style elements to see if this industrial automation company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For ABBNY, shares are up 3.24% over the past week while the Zacks Manufacturing - Electronics industry is up 2.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 16.01% compares favorably with the industry's 8.24% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of ABB have risen 12.52%, and are up 83.77% in the last year. On the other hand, the S&P 500 has only moved 2.81% and 29.8%, respectively.
Investors should also pay attention to ABBNY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. ABBNY is currently averaging 223,929 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ABBNY.
Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ABBNY's consensus estimate, increasing from $3.17 to $3.79 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that ABBNY is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep ABB on your short list.
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ABB (ABBNY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ABB is a member of our Industrial Products group, which includes 181 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 24.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ABBNY has gained about 36.5% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 16.1% on average. This shows that ABB is outperforming its peers so far this year.
CECO Environmental (CECO - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 24.1%.
Over the past three months, CECO Environmental's consensus EPS estimate for the current year has increased 12.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ABB belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have gained 23.4% this year, meaning that ABBNY is performing better in terms of year-to-date returns.
On the other hand, CECO Environmental belongs to the Pollution Control industry. This 5-stock industry is currently ranked #178. The industry has moved +1% year to date.
Investors interested in the Industrial Products sector may want to keep a close eye on ABB and CECO Environmental as they attempt to continue their solid performance.
The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May 24, 2019. REUTERS/Arnd Wiegmann/File Photo Purchase Licensing Rights, opens new tab
CompaniesZURICH, May 11 (Reuters) - ABB (ABBN.S), opens new tab will invest about $200 million to expand production of medium-voltage grid equipment in Europe to meet rising power demand from data centres, electric cars and industry, the Swiss engineering group said on Monday.
The investment will boost production capacity for distribution equipment used by power networks to supply factories, hospitals and large buildings, ABB said.
The three-year programme includes $100 million for a new factory in Dalmine, northern Italy, and another $100 million to expand plants in Bulgaria, Finland, Germany, Norway and Poland.
The investments will increase ABB's European production capacity for medium-voltage products by between 50% and 300%, depending on the product line, and create about 800 jobs.
Adrian Guggisberg, head of ABB's Distribution Solutions division, told Reuters the company was responding to big increases in demand from utilities and grid operators.
ABB's supplies many of Europe's largest utilities including Germany's E.ON and France's Enedis, part of EDF.
"The demand for electrification is going up and up," Guggisberg said, adding it was not a short-term trend.
Instead, it reflected changes including the building of data centres to support artificial intelligence, increased use of electric vehicles and heat pumps, and the decarbonisation of industry, he said.
"There is more demand for heating and cooling, and also onshoring of industries," Guggisberg added.
Electricity is expected to account for nearly 30% of final energy use by 2030, up from about 20% today.
Electricity demand is growing faster than overall energy usage, according to the International Energy Agency.
Guggisberg said this made grid investment increasingly important, raising demand for medium-voltage equipment.
Reporting by John Revill Editing by Dave Graham
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. ABB (ABBNY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
ABB is one of 181 individual stocks in the Industrial Products sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ABBNY has returned about 36.1% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 10.2%. This shows that ABB is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is CECO Environmental (CECO - Free Report) . The stock is up 30.9% year-to-date.
For CECO Environmental, the consensus EPS estimate for the current year has increased 14.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ABB belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #103 in the Zacks Industry Rank. This group has gained an average of 11.7% so far this year, so ABBNY is performing better in this area.
CECO Environmental, however, belongs to the Pollution Control industry. Currently, this 5-stock industry is ranked #172. The industry has moved -3.4% so far this year.
ABB and CECO Environmental could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
SoftBank Group Corp.’s (OTC:SFTBY) CEO, Masayoshi Son, has identified two frontiers as the next trillion-dollar business opportunity.
In a conversation with CNBC’s Arjun Kharpal on Monday, Son expressed his enthusiasm for both humanoid and industrial robotics, "with physical AI as a core."
In the same conversation, Son also stated that the ongoing AI revolution is “50x bigger” than the dot-com boom of the 2000s.
According to the SoftBank CEO, this is “just the beginning" of a technological "revolution" that could last 50-100 years. He denied the presence of any AI bubble and suggested that market corrections could present attractive buying opportunities.
Robotics Powers SoftBank’s Next BetIn October, SoftBank purchased the robotics division of Swiss engineering firm ABB (OTC:ABBNY) in a $5.4 billion deal, to explore its "next frontier", which is "Physical AI."
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ABB (ABBNY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ABB is a member of our Industrial Products group, which includes 181 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 13.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ABBNY has gained about 45.2% so far this year. In comparison, Industrial Products companies have returned an average of 17.6%. This means that ABB is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, CECO Environmental (CECO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 35.5%.
The consensus estimate for CECO Environmental's current year EPS has increased 17% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ABB belongs to the Manufacturing - Electronics industry, a group that includes 14 individual stocks and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 23.7% so far this year, so ABBNY is performing better in this area.
CECO Environmental, however, belongs to the Pollution Control industry. Currently, this 5-stock industry is ranked #209. The industry has moved -0.4% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on ABB and CECO Environmental as they attempt to continue their solid performance.
ABB (ABBNY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
