Kadant Inc expected to post earnings of $2.10 a share - Earnings Preview

Kadant

29/04/2022 23:16

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on May 3. 
    * The Westford Massachusetts-based  company is expected to
report 
a 24.8% increase in revenue to $215.173 million from $172.46
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 $2.10 per share. For the same quarter last year, the
company reported earnings of $1.43 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 had fallen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Kadant Inc
is
$225​, above​ its last closing price of $185.00. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  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. 31 2021  1.36        1.36       1.43      Beat    4.8
 ​​Dec.        1.31        1.31       1.54      Beat    17.5
 31 2020                                                
 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. 31 2020  0.90        0.88       1.09      Beat    23.3
 This summary was machine generated April 29 at 22:16 GMT.  All
figures in US dollars  unless otherwise stated