ESAB Stock Recent News

Esab (ESAB) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

NORTH BETHESDA, Md.--(BUSINESS WIRE)---- $ESAB #ESAB4QEarnings--ESAB Corporation Schedules Fourth Quarter 2023 Earnings Release and Conference Call.

Investors looking for stocks in the Metal Products - Procurement and Fabrication sector might want to consider either AB SKF (SKFRY) or Esab (ESAB). But which of these two stocks presents investors with the better value opportunity right now?

ESAB Corporation has seen strong growth in the past year despite macro headwinds. The company's stock is currently overvalued based on its EV/EBITDA ratio. ESAB has a solid balance sheet and positive earnings, but its valuation may hinder future outperformance.

ESAB Corporation is benefiting from good execution and a healthy end-market demand. ESAB's margin expansion is expected to come from product-line simplification, increased efficiencies, and a shift towards higher margin equipment sales. The company's valuation is attractive compared to its peers.

Here is how Esab (ESAB) and Eaton (ETN) have performed compared to their sector so far this year.

Esab (ESAB) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.92 per share a year ago.

Esab (ESAB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Easing supply-chain issues and solid end-market demand should aid the Metal Products - Procurement and Fabrication industry's growth. SKFRY, ESAB and WOR are some stocks to watch, backed by their healthy growth prospects.

WNC, LI, ESAB and LEN have been added to the Zacks Rank #1 (Strong Buy) List on September 20, 2023.