Kennametal Inc expected to post earnings of 34  cents a share - Earnings Preview

Kennametal

28/04/2023 21:18

* Kennametal Inc  KMT.N   KMT  is expected to show a rise in
quarterly revenue when it reports  results on May 1. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 3.4% increase in revenue to $529.626 million from $512.26
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
February 6 2023, for the period ended March 31, was for revenue
between $520.00 million and $540.00 million.
    * ​Refinitiv's mean analyst estimate for Kennametal Inc is
for
earnings of 34 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
$26.5​, above​ its last closing price of $25.80. ​​​

The company's guidance on February 6 2023 for the period ended
March 31 was for Earnings before Interest and Taxes of USD40
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  
 Dec. 31 2022  0.22        0.22       0.27      Beat    21
 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.        0.39        0.39       0.35      Missed  -9.2
 31 2021                                                
 Sep. 30 2021  0.39        0.38       0.44      Beat    16.4​
 Jun. 30 2021  0.41        0.40       0.53      Beat    32.8
 Mar. 31 2021  0.20        0.20       0.32      Beat    58.8
 This summary was machine generated April 28 at 20:18 GMT.  All
figures in US dollars  unless otherwise stated