Kennametal Inc expected to post earnings of 46  cents a share - Earnings Preview

Kennametal

30/07/2022 03:05

* Kennametal Inc  KMT.N   KMT  is expected to show a fall in
quarterly revenue when it reports  results on August 1. 
    * The Latrobe Pennsylvania-based  company is expected to
report  a
0.5% decrease in revenue to $513.554 million from $515.97
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Kennametal Inc is
for
earnings of 46 cents per share. For the same quarter last year,
the company reported earnings of 53 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"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 $26.85. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.41        0.43       0.47      Beat    10.6
 Dec. 31 2022  0.39        0.39       0.35      Missed  -9.2
 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.        0.20        0.20       0.32      Beat    58.8
 31 2021                                                
 Dec. 31 2020  0.09        0.09       0.16      Beat    78.5​
 Sep. 30 2020  0.03        0.04       0.03      Missed  -15.4
 Jun. 30 2020  0.12        0.12       0.15      Beat    26.7
 This summary was machine generated July 30 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated