Kaman Corp reports results for the quarter ended in September - Earnings Summary

Kaman

01/11/2023 22:38

* Kaman Corp  KAMN.N  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of three analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 6 cents to 11 cents per share.
    * Revenue rose 6.4% to $183.03 million from a year ago;
analysts
expected $180.43 million. 
    * Kaman Corp's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $1.47
million.
    * Kaman Corp shares had fallen by 5.3% this quarter and
lost 16.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "hold"

Wall Street's median 12-month price target for Kaman Corp is
$33.00 
This summary was machine generated from LSEG data November 1 at
10:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.08           0.10           Beat
 Jun. 30 2023      0.08           0.22           Beat
 Mar. 31 2023      0.02           0.08           Beat
 Dec. 31 2022      0.25           0.42           Beat