Kadant Inc expected to post earnings of $2.05 a share - Earnings Preview

Kadant

29/07/2022 12:08

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on August 1 (estimated). 
    * The Westford Massachusetts-based  company is expected to
report 
a 13.1% increase in revenue to $221.491 million from $195.81
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 $2.05 per share. For the same quarter last year, the
company reported earnings of $2.01 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
$213​, above​ its last closing price of $200.91. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  2.10        2.10       2.28      Beat    8.8
 Dec. 31 2022  2.01        2.00       2.31      Beat    15.4
 Sep. 30 2021  1.65        1.67       1.97      Beat    17.8​
 Jun. 30 2021  1.53        1.51       2.01      Beat    33.4
 ​​Mar.        1.36        1.36       1.43      Beat    4.8
 31 2021                                                
 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
 This summary was machine generated July 29 at 11:08 GMT.  All
figures in US dollars  unless otherwise stated