Kennametal Inc expected to post earnings of 35  cents a share - Earnings Preview

Kennametal

30/10/2023 15:05

* Kennametal Inc  KMT.N   KMT  is expected to show a rise in
quarterly revenue when it reports  results on November 1. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 2.0% increase in revenue to $504.468 million from $494.79
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
August 1 2023, for the period ended September 30, was for
revenue between $485.00 million and $510.00 million.
    * ​Refinitiv's mean analyst estimate for Kennametal Inc is
for
earnings of 35 cents per share. The company's EPS guidance on
August 1 2023, for the period ended September 30, was between
$0.30 and $0.40 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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​, above​ its last closing price of $22.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.37        0.37       0.34      Missed  -7.4
 ​​Jun.        0.45        0.46       0.53      Beat    14.3
 30 2022                                                
 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. 30 2021  0.39        0.38       0.44      Beat    16.4
 This summary was machine generated October 30 at 15:05 GMT.  All
figures in US dollars  unless otherwise stated