Kadant Inc expected to post earnings of $2.14 a share - Earnings Preview

Kadant

28/07/2023 22:31

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on August 1. 
    * The Westford Massachusetts-based  company is expected to
report 
a 4.3% increase in revenue to $231.247 million from $221.65
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on May
2 2023, for the period ended June 30, was for revenue between
$230.00 million and $235.00 million.
    * ​Refinitiv's mean analyst estimate for Kadant Inc is for
earnings of $2.14 per share. The company's EPS guidance on May 2
2023, for the period ended June 30, was between $2.05 and $2.15 
    * 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
$205​, below​ its last closing price of $217.24. ​​​

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 2023  2.21        2.19       2.40      Beat    9.4
 Dec. 31 2023  2.05        2.03       2.33      Beat    14.9
 Sep. 30 2022  2.15        2.13       2.38      Beat    12​
 Jun. 30 2022  2.08        2.05       2.24      Beat    9.5
 ​​Mar.        2.10        2.10       2.28      Beat    8.8
 31 2022                                                
 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
 This summary was machine generated July 28 at 21:31 GMT.  All
figures in US dollars  unless otherwise stated