Kadant Inc reports results for the quarter ended in December - Earnings Summary

Kadant

15/02/2024 24:06

* Kadant Inc  KAI.N  reported quarterly adjusted earnings of
$2.33​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
four analysts for the quarter was for earnings of $2.15 per
share. Wall Street expected results to range from $2.10 
to $2.25 per share.
    * Revenue rose 2.8% to $238.68 million from a year ago;
analysts
expected $227.96 million. 
    * Kadant Inc's reported EPS for the quarter was $2.33​.
    * The company reported quarterly net income of $27.4
million.
    * Kadant Inc shares had risen by 8.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Kadant Inc is
$262.50 
This summary was machine generated from LSEG data February 15 at
12:06 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.15           2.33           Beat
 Sep. 30 2023      2.27           2.63           Beat
 Jun. 30 2023      2.14           2.54           Beat
 Mar. 31 2023      2.19           2.40           Beat