Esab Corp Expected To Post Earnings Of $1.04 A Share: Earnings Preview

ESAB

27/02/2024 14:32

* ESAB Corp  ESAB.N   ESAB.K  is expected to show a fall in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The North Bethesda Maryland-based  company is expected to
report
a 3.4% decrease in revenue to $641.618 million from $664.13
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for ESAB Corp is for
earnings of
$1.04 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ESAB Corp
is
$92.00​, below​ its last closing price of $97.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.94        0.95       1.08      Beat    14.1
 Jun. 30 2023  1.02        1.02       1.21      Beat    18.6
 Mar. 31 2023  0.93        0.93       1.04      Beat    11.8​
 Dec. 31 2022  0.89        0.90       1.05      Beat    17.3
 ​​Sep.        0.82        0.85       0.92      Beat    8.2
 30 2022                                                
 Jun. 30 2022  1.01        1.01       1.08      Beat    6.9​
 This summary was machine generated February 27 at 14:32 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)