Kennametal Continues To Expect FY24 Sales Of $2.1B-$2.2B, Adjusted EPS Of $1.75-$2.15
Portfolio Pulse from Benzinga Newsdesk
Kennametal has reiterated its FY24 sales forecast of $2.1B-$2.2B and adjusted EPS of $1.75-$2.15. The company remains focused on its multi-year growth and innovation strategy.
November 01, 2023 | 10:13 am
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POSITIVE IMPACT
Kennametal's reaffirmation of its FY24 sales and EPS forecasts indicates confidence in its growth strategy. This could potentially have a positive impact on its stock price.
Reaffirmation of financial forecasts typically indicates a company's confidence in its business strategy and future performance. This can be perceived positively by investors, potentially leading to an increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100