Posted 12/10/2023, 6:45:45 AM
ABB Stock Surges on Strong Earnings and Profit Outlook
- ABB's stock price has increased 11% over the past month, significantly outperforming the market
- The company has delivered strong profitability over the past 5 years, with a 29% return on equity
- ABB has managed to retain 42% of its profits to reinvest into growth initiatives
- Earnings growth has been exceptional as well, up 34% over the past 5 years
- Analysts expect continued profitability going forward, forecasting a 25% return on equity