Kennametal Inc reports results for the quarter ended in December - Earnings Summary

Kennametal

06/02/2023 22:56

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in December. The mean
expectation of ten analysts for the quarter was for earnings of
22 cents per share.
    * Revenue rose 2.1% to $497.12 million from a year ago;
analysts
expected $491.74 million. 
    * Kennametal Inc's reported EPS for the quarter was 27
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Kennametal Inc shares had risen by 25.6% this quarter.
    * The company reported quarterly net income of $21.9
million.
    * Wall Street's median 12-month price target for Kennametal
Inc is
$25.50 
    * 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." 

This summary was machine generated from Refinitiv data February
6 at 10:56 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.22           0.27           Beat
 Sep. 30 2022      0.37           0.34           Missed
 Jun. 30 2022      0.46           0.53           Beat
 Mar. 31 2022      0.43           0.47           Beat