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

Kennametal

31/10/2022 21:02

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in September. The
mean expectation of ten analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue rose 2.3% to $494.79 million from a year ago;
analysts
expected $488.12 million. 
    * Kennametal Inc's reported EPS for the quarter was 34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.1%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * Kennametal Inc shares had risen by 27.9% this quarter and
lost 26.7% so far this year.
    * The company reported quarterly net income of $28.2
million.
    * Wall Street's median 12-month price target for Kennametal
Inc is
$24.00 
    * 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 October
31 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.37           0.34           Missed
 Jun. 30 2022      0.46           0.53           Beat
 Mar. 31 2022      0.43           0.47           Beat
 Dec. 31 2021      0.39           0.35           Missed