ESAB Corp
ESAB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$24.00 | Yrgbhz | Chzxvyn |
ESAB Raises Full-Year 2022 Adjusted EPS Guidance After Strong Q3; Maintaining FVE
Narrow-moat-rated ESAB delivered strong third-quarter results, as its adjusted EPS of $0.92 beat the FactSet consensus estimate by $0.07. We've maintained our $64 fair value estimate, as nothing in ESAB's third-quarter results fundamentally alters our long-term outlook for the firm. The stock was up over 7% following the earnings release, but we continue to see ESAB as undervalued, with shares currently trading in 5-star territory.