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Stock impact report

Spotting Winners: ESAB (NYSE:ESAB) And Professional Tools and Equipment Stocks In Q4 [Yahoo! Finance]

ESAB Corporation (ESAB) 
Company Research Source: Yahoo! Finance
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how ESAB (NYSE:ESAB) and the rest of the professional tools and equipment stocks fared in Q4. Automation that increases efficiency and connected equipment that collects analyzable data have been trending, creating new demand. Some professional tools and equipment companies also provide software to accompany measurement or automated machinery, adding a stream of recurring revenues to their businesses. On the other hand, professional tools and equipment companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 10 professional tools and equipment stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 0.6% while next quarter's revenue guidance Show less Read more
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