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Here's What Key Metrics Tell Us About Abbott (ABT) Q3 Earnings
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For the quarter ended September 2024, Abbott (ABT - Free Report) reported revenue of $10.64 billion, up 4.9% over the same period last year. EPS came in at $1.21, compared to $1.14 in the year-ago quarter.
The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $10.56 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +0.83%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Abbott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Nutrition- U.S. $950 million versus the five-analyst average estimate of $918.13 million. The reported number represents a year-over-year change of +10.5%.
Net sales- Nutrition- International: $1.12 billion compared to the $1.26 billion average estimate based on five analysts. The reported number represents a change of -8% year over year.
Net sales- Diagnostics- International: $1.38 billion compared to the $1.39 billion average estimate based on five analysts. The reported number represents a change of -3.9% year over year.
Net sales- Diagnostics- U.S. $1.03 billion compared to the $919.77 million average estimate based on five analysts. The reported number represents a change of +1.9% year over year.
Net sales- Diagnostics: $2.41 billion versus the six-analyst average estimate of $2.31 billion. The reported number represents a year-over-year change of -1.5%.
Net sales- Medical Devices- Diabetes Care: $1.73 billion versus the six-analyst average estimate of $1.72 billion. The reported number represents a year-over-year change of +17.2%.
Net sales- Nutrition: $2.07 billion versus $2.17 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
Net sales- Medical Devices- Rhythm Management- Total: $597 million versus the five-analyst average estimate of $595.52 million. The reported number represents a year-over-year change of +6%.
Net sales- Medical Devices: $4.75 billion versus the five-analyst average estimate of $4.70 billion. The reported number represents a year-over-year change of +11.7%.
Net sales- Medical Devices- Neuromodulation- Total: $236 million versus $242.90 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
Net sales- Established Pharmaceuticals: $1.41 billion compared to the $1.41 billion average estimate based on five analysts. The reported number represents a change of +2.8% year over year.
Net sales- Medical Devices- Vascular- Total: $699 million versus the five-analyst average estimate of $695.35 million. The reported number represents a year-over-year change of +4%.
Shares of Abbott have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Abbott (ABT) Q3 Earnings
For the quarter ended September 2024, Abbott (ABT - Free Report) reported revenue of $10.64 billion, up 4.9% over the same period last year. EPS came in at $1.21, compared to $1.14 in the year-ago quarter.
The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $10.56 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +0.83%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Abbott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Nutrition- U.S. $950 million versus the five-analyst average estimate of $918.13 million. The reported number represents a year-over-year change of +10.5%.
- Net sales- Nutrition- International: $1.12 billion compared to the $1.26 billion average estimate based on five analysts. The reported number represents a change of -8% year over year.
- Net sales- Diagnostics- International: $1.38 billion compared to the $1.39 billion average estimate based on five analysts. The reported number represents a change of -3.9% year over year.
- Net sales- Diagnostics- U.S. $1.03 billion compared to the $919.77 million average estimate based on five analysts. The reported number represents a change of +1.9% year over year.
- Net sales- Diagnostics: $2.41 billion versus the six-analyst average estimate of $2.31 billion. The reported number represents a year-over-year change of -1.5%.
- Net sales- Medical Devices- Diabetes Care: $1.73 billion versus the six-analyst average estimate of $1.72 billion. The reported number represents a year-over-year change of +17.2%.
- Net sales- Nutrition: $2.07 billion versus $2.17 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
- Net sales- Medical Devices- Rhythm Management- Total: $597 million versus the five-analyst average estimate of $595.52 million. The reported number represents a year-over-year change of +6%.
- Net sales- Medical Devices: $4.75 billion versus the five-analyst average estimate of $4.70 billion. The reported number represents a year-over-year change of +11.7%.
- Net sales- Medical Devices- Neuromodulation- Total: $236 million versus $242.90 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4% change.
- Net sales- Established Pharmaceuticals: $1.41 billion compared to the $1.41 billion average estimate based on five analysts. The reported number represents a change of +2.8% year over year.
- Net sales- Medical Devices- Vascular- Total: $699 million versus the five-analyst average estimate of $695.35 million. The reported number represents a year-over-year change of +4%.
View all Key Company Metrics for Abbott here>>>Shares of Abbott have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.