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Kadant (KAI) Reports Q3 Earnings: What Key Metrics Have to Say
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Kadant (KAI - Free Report) reported $271.61 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $2.84 for the same period compares to $2.69 a year ago.
The reported revenue represents a surprise of +2.13% over the Zacks Consensus Estimate of $265.95 million. With the consensus EPS estimate being $2.43, the EPS surprise was +16.87%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kadant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Material Handling Systems: $63.40 million versus $65.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
Revenues- Industrial Processing: $110.70 million versus the two-analyst average estimate of $113.21 million. The reported number represents a year-over-year change of +17.5%.
Revenues- Flow Control: $97.52 million versus the two-analyst average estimate of $89.53 million. The reported number represents a year-over-year change of +7.4%.
Shares of Kadant have returned -4.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Kadant (KAI) Reports Q3 Earnings: What Key Metrics Have to Say
Kadant (KAI - Free Report) reported $271.61 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $2.84 for the same period compares to $2.69 a year ago.
The reported revenue represents a surprise of +2.13% over the Zacks Consensus Estimate of $265.95 million. With the consensus EPS estimate being $2.43, the EPS surprise was +16.87%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kadant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Material Handling Systems: $63.40 million versus $65.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Revenues- Industrial Processing: $110.70 million versus the two-analyst average estimate of $113.21 million. The reported number represents a year-over-year change of +17.5%.
- Revenues- Flow Control: $97.52 million versus the two-analyst average estimate of $89.53 million. The reported number represents a year-over-year change of +7.4%.
View all Key Company Metrics for Kadant here>>>Shares of Kadant have returned -4.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.