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

Kennametal

07/02/2024 14:31

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 27 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 23 cents to 28 cents per share.
    * Revenue fell 0.4% to $495.32 million from a year ago;
analysts
expected $498.64 million. 
    * Kennametal Inc's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $23.11
million.
    * Kennametal Inc shares had fallen by 2.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Kennametal Inc is
$24.50 
This summary was machine generated from LSEG data February 7 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.25           0.30           Beat
 Sep. 30 2023      0.35           0.41           Beat
 Jun. 30 2023      0.59           0.45           Missed
 Mar. 31 2023      0.34           0.39           Beat