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

Kadant

31/10/2023 23:58

* Kadant Inc  KAI.N  reported quarterly adjusted earnings of
$2.63​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $2.38.  The mean expectation of five analysts for the quarter
was for earnings of $2.27 per share. Wall Street expected
results to range from $2.19  to $2.39 per share.
    * Revenue rose 8.8% to $244.18 million from a year ago;
analysts
expected $234.01 million. 
    * Kadant Inc's reported EPS for the quarter was $2.63​.
    * The company reported quarterly net income of $30.86
million.
    * Kadant Inc shares had fallen by 2.3% this quarter and
gained 24.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
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," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Kadant Inc
is
$205.00 

This summary was machine generated from LSEG data October 31 at
11:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.27           2.63           Beat
 Jun. 30 2023      2.14           2.54           Beat
 Mar. 31 2023      2.19           2.40           Beat
 Dec. 31 2022      2.03           2.33           Beat