Will Esab (ESAB) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Esab (ESAB) has consistently surpassed earnings estimates and is well-positioned for future earnings reports [1][2] Earnings Performance - In the last two quarters, Esab has exceeded earnings estimates by an average of 7.77% [2] - For the most recent quarter, Esab reported earnings of $1.25 per share against an expectation of$1.12, resulting in a surprise of 11.61% [3] - In the previous quarter, the consensus estimate was $1.27 per share, while the actual earnings were$1.32 per share, leading to a surprise of 3.94% [3] Earnings Estimates and Predictions - Estimates for Esab have been trending higher due to its history of earnings surprises [4] - The stock has a positive Zacks Earnings ESP of +1.75%, indicating bullish sentiment among analysts regarding the company's earnings prospects [7] - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat [7] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6] Importance of Earnings ESP - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [8] - Companies can still beat consensus EPS estimates despite a negative Earnings ESP, and some stocks may remain stable even if they miss estimates [8] - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [9]