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

Kadant

02/08/2023 01:02

* Kadant Inc  KAI.N  reported quarterly adjusted earnings of
$2.54​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
$2.14 per share.
    * Revenue rose 10.6% to $245.05 million from a year ago;
analysts
expected $231.25 million. 
    * Kadant Inc's reported EPS for the quarter was $2.54​.
    * The mean earnings estimate of analysts had fallen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Kadant Inc shares had risen by 0.3% this quarter and
gained 25.5% so far this year.
    * The company reported quarterly net income of $29.73
million.
    * Wall Street's median 12-month price target for Kadant Inc
is
$205.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 12:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.14           2.54           Beat
 Mar. 31 2023      2.19           2.40           Beat
 Dec. 31 2022      2.03           2.33           Beat
 Sep. 30 2022      2.13           2.38           Beat