Kennametal Q4 Adj. EPS $0.51 Misses $0.61 Estimate, Sales $550.23M Miss $566.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kennametal reported Q4 adjusted earnings of $0.51 per share, missing the analyst consensus estimate of $0.61 by 16.39%. The company also reported quarterly sales of $550.23 million, missing the analyst consensus estimate of $566.46 million by 2.86%. This represents a 3.77% decrease in earnings and a 3.81% increase in sales compared to the same period last year.
August 01, 2023 | 11:47 am
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NEGATIVE IMPACT
Kennametal's Q4 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Kennametal's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100