Kadant Inc expected to post earnings of $1.88 a share - Earnings Preview

Kadant

26/04/2024 12:35

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on April 30 for the period
ending March 31 2024
    * The Westford Massachusetts-based  company is expected to
report
a 7.1% increase in revenue to $246.115 million from $229.76
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
14 2024, for the period ended March 31, was for revenue between
$238.00 million and $246.00 million.
    * ​LSEG's mean analyst estimate for Kadant Inc is for
earnings of
$1.88 per share. The company's EPS guidance on February 14 2024,
for the period ended March 31, was between $1.76 and $1.86 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Kadant Inc
is
$325.00​, above​ its last closing price of $279.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.14        2.15       2.33      Beat    8.2
 Sep. 30 2023  2.28        2.27       2.63      Beat    16
 Jun. 30 2023  2.15        2.14       2.54      Beat    18.7​
 Mar. 31 2023  2.21        2.19       2.40      Beat    9.4
 ​​Dec.        2.05        2.03       2.33      Beat    14.9
 31 2022                                                
 Sep. 30 2022  2.15        2.13       2.38      Beat    12​
 Jun. 30 2022  2.08        2.05       2.24      Beat    9.5
 Mar. 31 2022  2.10        2.10       2.28      Beat    8.8
 This summary was machine generated April 26 at 11:35 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)