Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Esab (ESAB) , which belongs to the Zacks Metal Products - Procurement and Fabrication industry, could be a great candidate to consider.When looking at the last two reports, this maker of welding and cutting equipment has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.77%, on average, in the last two qua ...

Esab (ESAB) has been beaten down lately with too much selling pressure. While the stock has lost 8.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures ...

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

ESAB Corporation (NYSE:ESAB) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Mark Barbalato - Vice President of Investor Relations Shyam Kambeyanda - President & Chief Executive Officer Kevin Johnson - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Adam Farley - Stifel Tami Zakaria - JPMorgan David Raso - Evercore Chris Dankert - Loop Capital Bryan Blair - Oppenheimer Operator Thank you for standing by. At this time, I would like to welcome everyone ...

Esab (ESAB) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.61%. A quarter ago, it was expected that this maker of welding and cutting equipment would post earnings of $1.27 per share when it actually produced earnings of $1.32, delivering a surprise of 3.94%.Over the last four qua ...

Financial Performance - ESAB reported third quarter sales of $673 million, a decrease of 1% on a reported basis, but an increase of 1% on a core organic growth basis compared to the prior year[2]. - Net income from continuing operations attributable to ESAB was $69 million, or $1.13 diluted earnings per share, with core adjusted net income of $77 million, or $1.25 diluted earnings per share[2]. - Core adjusted EBITDA for the third quarter was $125 million, representing a 6% increase and a margin expansion of 130 basis points to 19.6% compared to the prior year quarter[2]. - The company reported a net income attributable to ESAB Corporation of $68.2 million for the third quarter, an increase from $57.6 million in the prior year[18]. - Net income from continuing operations for Q3 2024 was $71.0 million, up from $60.8 million in Q3 2023, representing a 19.0% increase[20]. - Adjusted net income for Q3 2024 reached $78.6 million, compared to $69.0 million in Q3 2023, reflecting a 25.0% year-over-year growth[20]. - Adjusted EBITDA for Q3 2024 was $127.4 million, an increase from $122.5 million in Q3 2023, indicating a 4.0% rise[21]. - Adjusted net income margin from continuing operations improved to 11.7% in Q3 2024, compared to 10.2% in Q3 2023[20]. - Core adjusted net income from continuing operations for the nine months ended September 27, 2024, was $232.0 million, up from $203.1 million for the same period in 2023, marking a 14.2% increase[20]. - Adjusted EBITDA margin for Q3 2024 was 18.9%, slightly up from 18.0% in Q3 2023[21]. Sales and Growth Outlook - The company raised its full year 2024 total core sales growth outlook to a range of (1.5)% to (0.5)% and core organic sales growth to 0.0% to 1.0%[4]. - The 2024 core net sales growth range is projected to be between -1.5% and -0.5%[33]. - Organic sales growth in the Americas was 2.0%, while EMEA & APAC experienced a growth of 0.1%[25]. Cash Flow and Investments - ESAB's cash flow remained robust amid a challenging end market environment, enhancing confidence in achieving long-term targets by 2028[3]. - The adjusted free cash flow for the three months ended September 27, 2024, was $95.8 million, compared to $99.9 million for the same period in 2023[31]. - Net cash provided by operating activities was $228,523 thousand, compared to $208,099 thousand in the same period last year, reflecting an increase of about 9.7%[36]. - Net cash used in investing activities rose significantly to $(114,214) thousand, compared to $(42,359) thousand in the prior year, indicating a year-over-year increase of approximately 169%[36]. - Cash and cash equivalents at the end of the period reached $253,670 thousand, a substantial increase from $82,833 thousand at the end of the same period last year, marking a growth of over 206%[36]. Strategic Initiatives - The company emphasized positive volume growth and record margins driven by new product launches and strategic investments in commercial transformation[3]. - The company continues to focus on geographic expansion and bolt-on acquisitions to drive growth[3]. - The company made acquisitions net of cash received totaling $(86,537) thousand, significantly higher than $(18,665) thousand in the prior year, suggesting an aggressive expansion strategy[36]. Cost Management and Charges - Restructuring and related charges for Q3 2024 were $1.9 million, down from $3.1 million in Q3 2023, showing a reduction of 38.7%[20]. - Acquisition-amortization and other related charges for Q3 2024 totaled $10.0 million, compared to $9.3 million in Q3 2023, reflecting a 7.5% increase[20]. - The company experienced a pension settlement loss of $12.2 million for the nine months ended September 27, 2024, compared to no loss reported in the same period of 2023[20]. - The company reported a pension settlement loss of $12,155 thousand, which was not present in the previous year[36]. - Stock-based compensation expense increased to $14,473 thousand, compared to $11,150 thousand in the prior year, reflecting a rise of approximately 30.9%[36]. - Changes in trade receivables resulted in a decrease of $(39,075) thousand, compared to a decrease of $(15,170) thousand in the previous year, indicating a worsening in receivables management[36]. Balance Sheet Highlights - Total current assets increased to $1,221.5 million as of September 27, 2024, compared to $997.7 million at the end of 2023[35]. - Long-term debt rose to $1,080.2 million as of September 27, 2024, up from $1,018.1 million at the end of 2023[35]. - Retained earnings increased to $548.3 million as of September 27, 2024, compared to $350.6 million at the end of 2023[35]. - The company anticipates a currency impact of approximately -2.5% on core net sales for 2024[33].

Esab (ESAB) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. On ...

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ESAB Corporation (NYSE:ESAB) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Mark Barbalato - Vice President, Investor Relations Shyam Kambeyanda - President & Chief Executive Officer Kevin Johnson - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Nathan Jones - Stifel Tami Zakaria - JPMorgan David Raso - Evercore Bryan Blair - Oppenheimer Chris Dankert - Loop Capital Operator Thank you for standing by. My name is Amy, and I will be your conference oper ...