Kennametal Inc expected to post earnings of 22cents a share - Earnings Preview

Kennametal

03/02/2023 21:59

* Kennametal Inc  KMT.N   KMT  is expected to show a rise in
quarterly revenue when it reports  results on February 6. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 1.0% increase in revenue to $491.741 million from $486.67
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
October 31 2022, for the period ended December 31, was for
revenue between $480.00 million and $500.00 million.
    * ​Refinitiv's mean analyst estimate for Kennametal Inc is
for
earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kennametal
Inc is
$25.5​, below​ its last closing price of $30.58. ​​​

The company's guidance on October 31 2022 for the period ended
December 31 was for Earnings before Interest and Taxes of USD30
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.37        0.37       0.34      Missed  -7.4
 Jun. 30 2022  0.45        0.46       0.53      Beat    14.3
 Mar. 31 2022  0.41        0.43       0.47      Beat    10.6​
 Dec. 31 2021  0.39        0.39       0.35      Missed  -9.2
 ​​Sep.        0.39        0.38       0.44      Beat    16.4
 30 2021                                                
 Jun. 30 2021  0.41        0.40       0.53      Beat    32.8​
 Mar. 31 2021  0.20        0.20       0.32      Beat    58.8
 Dec. 31 2020  0.09        0.09       0.16      Beat    78.5
 This summary was machine generated February 3 at 21:59 GMT.  All
figures in US dollars  unless otherwise stated