Benzinga | Oct 19, 2021 10:15AM EDT

Abbott Laboratories's Earnings Outlook

Abbott Laboratories(NYSE:ABT) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Abbott Laboratories will likely report an Earnings Per Share (EPS) of $0.94

Abbott Laboratories bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by $14.71, which was followed by a 2.16 increase in the share price the next day.

Here's a look at Abbott Laboratories's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.02 1.27 1.35 0.90EPS Actual 1.17 1.32 1.45 0.98Revenue Estimate 9.69B 10.69B 9.94B 8.51BRevenue Actual 10.22B 10.46B 10.70B 8.85B

Stock Performance

Shares of Abbott Laboratories were trading at $116.82 as of October 18. Over the last 52-week period, shares are up 10.75%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.