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Stay Ahead of the Game With Kennametal (KMT) Q2 Earnings: Wall Street's Insights on Key Metrics
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In its upcoming report, Kennametal (KMT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting a decline of 7.4% compared to the same period last year. Revenues are forecasted to be $495.23 million, representing a year-over-year decrease of 0.4%.
Over the last 30 days, there has been a downward revision of 2.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Kennametal metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Total Sales- Infrastructure' will reach $191.03 million. The estimate suggests a change of -3.4% year over year.
Analysts forecast 'Total Sales- Metal Cutting' to reach $302.20 million. The estimate points to a change of +0.9% from the year-ago quarter.
Analysts' assessment points toward 'Operating Income (loss)- Infrastructure' reaching $8.34 million. Compared to the present estimate, the company reported $10.10 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating Income (loss)- Metal Cutting' of $26.79 million. The estimate compares to the year-ago value of $26.22 million.
Over the past month, Kennametal shares have recorded returns of -1.6% versus the Zacks S&P 500 composite's +5.3% change. Based on its Zacks Rank #3 (Hold), KMT will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Stay Ahead of the Game With Kennametal (KMT) Q2 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Kennametal (KMT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting a decline of 7.4% compared to the same period last year. Revenues are forecasted to be $495.23 million, representing a year-over-year decrease of 0.4%.
Over the last 30 days, there has been a downward revision of 2.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Kennametal metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Total Sales- Infrastructure' will reach $191.03 million. The estimate suggests a change of -3.4% year over year.
Analysts forecast 'Total Sales- Metal Cutting' to reach $302.20 million. The estimate points to a change of +0.9% from the year-ago quarter.
Analysts' assessment points toward 'Operating Income (loss)- Infrastructure' reaching $8.34 million. Compared to the present estimate, the company reported $10.10 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating Income (loss)- Metal Cutting' of $26.79 million. The estimate compares to the year-ago value of $26.22 million.
View all Key Company Metrics for Kennametal here>>>
Over the past month, Kennametal shares have recorded returns of -1.6% versus the Zacks S&P 500 composite's +5.3% change. Based on its Zacks Rank #3 (Hold), KMT will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>