Esab Corp Reports Results For The Quarter Ended In September: Earnings Summary

ESAB

03/11/2022 13:33

* ESAB Corp  ESAB.N  reported quarterly adjusted earnings of
92
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
85 cents per share.
    * Revenue was $620.27 million​; analysts expected $584.73
million. 
    * ESAB Corp's reported EPS for the quarter was 86 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.6%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * ESAB Corp shares had risen by 8.2% this quarter.
    * The company reported quarterly net income of $52.35
million.
    * Wall Street's median 12-month price target for ESAB Corp
is
$48.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.85           0.92           Beat
 Jun. 30 2022      1.01           1.08           Beat