Earnings Preview: Abbott Laboratories

Abbott Laboratories

is set to release its quarterly earnings results on Wednesday prior to the opening bell. Heading into the report, Wall Street analysts have consensus earnings estimates of $1.28 per share. The low estimate on the Street is $1.26 with a high estimate of $1.31. In the year ago period, Abbott reported EPS of $1.18. Revenues are expected to be $9.93 billion which implies 1.20 percent sales growth versus last year's corresponding quarter. The low revenue estimate is $9.75 billion with a high estimate of $10.14 billion. Over the last three months, EPS estimates for Abbot have risen by a penny. During this time, the stock has surged nearly 10 percent. Year-to-date, ABT has climbed almost 28 percent. On Tuesday, ahead of Wednesday's key report the stock was trading down 0.17 percent to $71.93 into the closing bell.