Esab Corp Expected To Post Earnings Of $1.10 A Share: Earnings Preview

ESAB

29/04/2024 15:14

* ESAB Corp  ESAB.N   ESAB.K  is expected to show a fall in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The North Bethesda Maryland-based  company is expected to
report
a 2.8% decrease in revenue to $664.869 million from $684 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ESAB Corp is for
earnings of
$1.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for ESAB Corp
is
$115.00​, above​ its last closing price of $107.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.05        1.04       1.13      Beat    8.5
 Sep. 30 0001  0.94        0.95       1.08      Beat    14.1
 Jan. 1 0001   1.02        1.02       1.21      Beat    18.6​
 Mar. 31 2023  0.93        0.93       1.04      Beat    11.8
 ​​Dec.        0.89        0.90       1.05      Beat    17.3
 31 2022                                                
 Sep. 30 2022  0.82        0.85       0.92      Beat    8.2​
 Jan. 1 0001   1.01        1.01       1.08      Beat    6.9
 This summary was machine generated April 29 at 14:14 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)