Kadant Inc expected to post earnings of $2.19 a share - Earnings Preview

Kadant

28/04/2023 22:10

* Kadant Inc  KAI.N   KAI  is expected to show a fall in
quarterly
revenue when it reports  results on May 2. 
    * The Westford Massachusetts-based  company is expected to
report 
a 2.1% decrease in revenue to $221.795 million from $226.48
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
February 15 2023, for the period ended March 31, was for revenue
between $217.00 million and $223.00 million.
    * ​Refinitiv's mean analyst estimate for Kadant Inc is for
earnings of $2.19 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 3.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Kadant Inc
is
$205​, above​ its last closing price of $185.83. ​​​

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 2022  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. 31 2022  2.10        2.10       2.28      Beat    8.8
 ​​Dec.        2.01        2.00       2.31      Beat    15.4
 31 2021                                                
 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
 This summary was machine generated April 28 at 21:09 GMT.  All
figures in US dollars  unless otherwise stated