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Kennametal (KMT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Kennametal (KMT - Free Report) reported $481.95 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.1%. EPS of $0.29 for the same period compares to $0.41 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $480.69 million, representing a surprise of +0.26%. The company delivered an EPS surprise of +16.00%, with the consensus EPS estimate being $0.25.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Kennametal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Sales- Infrastructure: $185.05 million versus the three-analyst average estimate of $179.62 million. The reported number represents a year-over-year change of +0.4%.
  • Total Sales- Metal Cutting: $296.90 million versus the three-analyst average estimate of $301.08 million. The reported number represents a year-over-year change of -3.7%.
  • Operating Income (loss)- Corporate: -$0.53 million versus -$0.70 million estimated by three analysts on average.
  • Operating Income- Proforma- Infrastructure: $12.71 million versus the three-analyst average estimate of $11.41 million.
  • Operating Income- Proforma- Metal Cutting: $24.47 million versus the three-analyst average estimate of $23.26 million.
View all Key Company Metrics for Kennametal here>>>

Shares of Kennametal have returned +7.1% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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