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What to expect from ESAB's (ESAB) Q3 earnings
Welding and cutting equipment manufacturer ESAB will report its third-quarter results on Wednesday before the market opens. Last quarter, ESAB reported revenue of $807.6 million, which was up 12.9% from a year earlier and beat analysts' revenue expectations.
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What happened
Welding and cutting equipment manufacturer ESAB will report its third-quarter results on Wednesday before the market opens. Last quarter, ESAB reported revenue of $807.6 million, which was up 12.9% from a year earlier and beat analysts' revenue expectations.
Confirmed
Global impact / market context
The upcoming report will show whether ESAB can keep growing after last quarter's strong revenue beat. This quarter, the market expects revenue to grow 13.8% from a year earlier, above last year's 8.1% increase, so a miss could weaken investor confidence in the company's sales momentum.
Analyst inference
Some peer companies in professional tools and equipment have already reported third-quarter results. Fortive grew revenue 7.8% and beat estimates, while Hillman grew 7.7% but missed estimates. These results give investors a comparison point for judging ESAB's growth.
Analyst inference
What to watch
- Watch whether ESAB's quarterly revenue meets the 13.8% year-on-year growth expectation, compared with the 8.1% increase it recorded in the same quarter last year. Confirmed
- Analysts have mostly reconfirmed their estimates over the last 30 days, which means they expect the business to stay the course heading into earnings, so any change in those estimates would be notable. Proposed
- ESAB has missed Wall Street's revenue estimates multiple times over the past two years, so another miss could reduce investor confidence in the company's ability to meet sales forecasts. Analyst inference