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

Kennametal

01/08/2023 14:32

* Kennametal Inc  KMT.N  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended in September. The
mean expectation of seven analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 11.2% to $550.23 million from a year ago;
analysts
expected $516.85 million. 
    * Kennametal Inc's reported EPS for the quarter was 45
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Kennametal Inc shares had risen by 7.4% this quarter and
gained 26.7% so far this year.
    * The company reported quarterly net income of $36.43
million.
    * Wall Street's median 12-month price target for Kennametal
Inc is
$28.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.42           0.45           Beat
 Jun. 30 2023      0.59           0.45           Missed
 Mar. 31 2023      0.34           0.39           Beat
 Dec. 31 2022      0.22           0.27           Beat