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

Kennametal

08/05/2024 14:53

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 39
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 30 cents per share. Wall Street expected
results to range from 26 cents to 34 cents per share.
    * Revenue fell 3.8% to $515.79 million from a year ago;
analysts
expected $518.44 million. 
    * Kennametal Inc's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $18.98
million.
    * Kennametal Inc shares had fallen by 1.5% this quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.9%
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." 
    * Wall Street's median 12-month price target for Kennametal
Inc is
$24.00 

This summary was machine generated from LSEG data May 8 at 01:52
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
 Mar. 31 2024      0.30           0.30           Met
 Dec. 31 2023      0.25           0.30           Beat
 Sep. 30 2023      0.35           0.41           Beat
 Jun. 30 2023      0.59           0.45           Missed