Preview: Kadant's Earnings
Portfolio Pulse from Benzinga Insights
Kadant (NYSE:KAI) is set to release its latest quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $2.12. Last quarter, Kadant beat EPS by $0.21, resulting in a 3.34% increase in share price the next day. Shares of Kadant were trading at $217.24 as of July 28, with a 52-week increase of 11.16%.
July 31, 2023 | 9:32 pm
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Kadant's upcoming earnings report could potentially impact its stock price. Last quarter's EPS beat led to a 3.34% increase in share price.
Kadant's stock price has previously shown to be sensitive to its earnings reports. Last quarter, the company beat EPS estimates, which led to a 3.34% increase in its share price the following day. If the company beats the EPS estimate of $2.12 for this quarter, it could potentially lead to a similar increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100