ESAB Corp
ESAB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$46.00 | Kzhcq | Lmlkrdmzq |
ESAB Earnings: Automation Business Delivers Strong Revenue Growth
We’ve raised our fair value estimate for narrow-moat-rated ESAB to $74 from $70 after the company reported strong second-quarter results and raised its full-year outlook for the second time this year. The fair value estimate adjustment is driven by our higher near-term revenue growth and operating margin projections, as well as time value of money.