Kadant Inc expected to post earnings of $2.09 a share - Earnings Preview

Kadant

10/02/2023 11:45

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on February 14 (estimated). 
    * The Westford Massachusetts-based  company is expected to
report 
a 0.4% increase in revenue to $219.36 million from $218.52
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
November 1 2022, for the period ended December 31, was for
revenue between $217.00 million and $223.00 million.
    * ​Refinitiv's mean analyst estimate for Kadant Inc is for
earnings of $2.09 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
$195​, below​ its last closing price of $202.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2021  2.01        2.00       2.31      Beat    15.4
 ​​Sep.        1.65        1.67       1.97      Beat    17.8
 30 2021                                                
 Jun. 30 2021  1.53        1.51       2.01      Beat    33.4​
 Mar. 31 2021  1.36        1.36       1.43      Beat    4.8
 Dec. 31 2020  1.31        1.31       1.54      Beat    17.5
 This summary was machine generated February 10 at 11:45 GMT. 
All figures in US dollars  unless otherwise stated