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

Kennametal

01/05/2023 23:05

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
39 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
34 cents per share.
    * Revenue rose 4.6% to $536.04 million from a year ago;
analysts
expected $529.63 million. 
    * Kennametal Inc's reported EPS for the quarter was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Kennametal Inc shares had fallen by 5.9% this quarter and
gained 7.9% so far this year.
    * The company reported quarterly net income of $31.94
million.
    * Wall Street's median 12-month price target for Kennametal
Inc is
$26.50 
    * 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 LSEG Refinitiv data May
1 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.39           Beat
 Dec. 31 2022      0.22           0.27           Beat
 Sep. 30 2022      0.37           0.34           Missed
 Jun. 30 2022      0.46           0.53           Beat