Kennametal Inc expected to post earnings of 43 cents a share - Earnings Preview

Kennametal

05/08/2024 16:32

* Kennametal Inc  KMT.N   KMT  is expected to show a fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 3.3% decrease in revenue to $532.026 million from $550.23
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Kennametal Inc is for
earnings
of 43 cents per share. 
    * 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
$24.00​, below​ its last closing price of $24.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.29        0.30       0.30      Met     0
 Dec. 31 0001  0.26        0.25       0.30      Beat    17.7
 Sep. 30 2023  0.36        0.35       0.41      Beat    15.7​
 Jun. 30 2023  0.59        0.59       0.45      Missed  -23.4
 ​​Jan.        0.34        0.34       0.39      Beat    15
 1 0001                                                 
 Dec. 31 2022  0.22        0.22       0.27      Beat    21​
 Sep. 30 2022  0.37        0.37       0.34      Missed  -7.4
 Jan. 1 0001   0.45        0.46       0.53      Beat    14.3
 This summary was machine generated August 5 at 15:32 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)