Kennametal Inc expected to post earnings of 25 cents a share - Earnings Preview

Kennametal

05/02/2024 15:04

* Kennametal Inc  KMT.N   KMT  is expected to show a rise in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 0.3% increase in revenue to $498.637 million from $497.12
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $490.00 million and $515.00 million.
    * ​LSEG's mean analyst estimate for Kennametal Inc is for
earnings
of 25 cents per share. The company's EPS guidance on November 1
2023, for the period ended December 31, was between $0.20 and
$0.30 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"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
$24.50​, below​ its last closing price of $25.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.36        0.35       0.41      Beat    15.7
 Jun. 30 2023  0.59        0.59       0.45      Missed  -23.4
 Mar. 31 2023  0.34        0.34       0.39      Beat    15​
 Dec. 31 2022  0.22        0.22       0.27      Beat    21
 ​​Sep.        0.37        0.37       0.34      Missed  -7.4
 30 2022                                                
 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
 This summary was machine generated February 5 at 15:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)