Kadant Inc expected to post earnings of $2.27 a share - Earnings Preview

Kadant

27/10/2023 17:12

* Kadant Inc  KAI.N   KAI  is expected to show a rise in
quarterly
revenue when it reports  results on October 31. 
    * The Westford Massachusetts-based  company is expected to
report 
a 4.2% increase in revenue to $234.006 million from $224.51
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
August 1 2023, for the period ended September 30, was for
revenue between $229.00 million and $236.00 million.
    * ​Refinitiv's mean analyst estimate for Kadant Inc is for
earnings of $2.27 per share. The company's EPS guidance on
August 1 2023, for the period ended September 30, was between
$2.19 and $2.29 
    * 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 $217.03. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  2.15        2.13       2.38      Beat    12
 ​​Jun.        2.08        2.05       2.24      Beat    9.5
 30 2022                                                
 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. 30 2021  1.65        1.67       1.97      Beat    17.8
 This summary was machine generated October 27 at 16:12 GMT.  All
figures in US dollars  unless otherwise stated