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

ESAB

01/11/2023 13:31

* ESAB Corp  ESAB.N  reported quarterly adjusted earnings of
$1.08​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 92 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 94 cents per share. Wall Street
expected results to range from 87 cents to $1.01 per share.
    * Revenue rose 9.8% to $681.00 million from a year ago;
analysts
expected $632.15 million. 
    * ESAB Corp's reported EPS for the quarter was 94 cents​.
    * The company reported quarterly net income of $57.57
million.
    * ESAB Corp shares had fallen by 9.9% this quarter and
gained 34.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for ESAB Corp
is
$83.00 

This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.94           1.08           Beat
 Jun. 30 2023      1.02           1.21           Beat
 Mar. 31 2023      0.93           1.04           Beat
 Dec. 31 2022      0.90           1.05           Beat