Kadant Inc expected to post earnings of $2.15 a share - Earnings Preview

Kadant

12/02/2024 22:20

* Kadant Inc  KAI.N   KAI  is expected to show a fall in
quarterly
revenue when it reports  results on February 14 for the period
ending December 31 2023
    * The Westford Massachusetts-based  company is expected to
report
a 1.8% decrease in revenue to $227.964 million from $232.1
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $222.00 million and $230.00 million.
    * ​LSEG's mean analyst estimate for Kadant Inc is for
earnings of
$2.15 per share. 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kadant Inc
is
$262.50​, below​ its last closing price of $310.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  2.05        2.03       2.33      Beat    14.9
 ​​Sep.        2.15        2.13       2.38      Beat    12
 30 2022                                                
 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
 This summary was machine generated February 12 at 22:20 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)