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

Kadant

04/05/2022 02:22

* Kadant Inc  KAI.N  reported quarterly adjusted earnings of
$2.28​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
$2.10 per share.
    * Revenue rose 31.3% to $226.48 million from a year ago; 
analysts
expected $215.17 million. 
    * Kadant Inc's reported EPS for the quarter was $3.53​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Kadant Inc shares had fallen by 3.4% this quarter and
lost 18.6%
so far this year.
    * The company reported quarterly net income of $41.19
million.
    * Wall Street's median 12-month price target for Kadant Inc
is
$225.00 
    * 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 May 4 at 01:22 a.m.  ​All
figures in US dollars unless otherwise stated