Published on 10 Feb 2024 on Simply Wall St. via Yahoo Finance
Kennametal Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
The second-quarter results for Kennametal Inc. (NYSE:KMT) were released last week, making it a good time to revisit its performance. Revenues were US$495m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.29 were also better than expected, beating analyst predictions by 15%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
See our latest analysis for Kennametal
