ESAB Corp

ESAB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$88.00	Gwsrm	Xbzjylmq

ESAB Raises Full-Year 2022 Adjusted EPS Guidance After Strong Q3; Maintaining FVE

Krzysztof Smalec

Nov 3, 2022

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.

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