Kadant Inc expected to post earnings of $1.51 a share - Earnings Preview

Kadant

28/07/2021 03:47

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly revenue when it reports results on July 27
(estimated). 
* The Westford, Massachusetts-based company is expected to
report   a 16.5% increase in revenue to $178.129 million from
$152.86 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Kadant Inc is for
earnings of $1.51 per share. For the same quarter last year, the
company reported earnings of $1.06 per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Kadant Inc is
$175​, about 0.6% above​ its last closing price of $174.00. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.36        1.36       1.43      Beat    4.8
 Dec. 31 2020  1.31        1.31       1.54      Beat    17.5
 Sep. 30 2020  0.98        0.97       1.31      Beat    34.6​
 Jun. 30 2020  0.75        0.74       1.06      Beat    42.5
 Mar.          0.90​       0.88       1.09      Beat    23.3​
 31​ 2020​                                              
 Dec. 31 2019  1.29        1.28       1.32      Beat    2.8​
 Sep. 30 2019  1.27        1.27       1.41      Beat    11
 Jun. 30 2019  1.11        1.12       1.42      Beat    27.4
 This summary was machine generated July 28 at 02:47 GMT.  All
figures in US dollars unless otherwise stated