ESAB Corp reports results for the quarter ended September 30 - Earnings Summary

• ESAB Corp ESAB reported quarterly adjusted earnings of $1.32​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.25. The mean expectation of ten analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.22 to $1.29 per share.

• Revenue rose 14.5% to $727.85 million from a year ago; analysts expected $678.28 million.

• ESAB Corp's reported EPS for the quarter was 90 cents​.

• The company reported quarterly net income of $54.85 million.

• ESAB Corp shares had risen by 8.4% this quarter and gained 1.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for ESAB Corp is $140.50, about 13.8% above its last closing price of $121.14

This summary was machine generated from LSEG data October 29 at 01:30 p.m. UTC. ​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)