Kaman Q3 Adj EPS $0.10 Beats $0.08 Estimate, Sales $183.03M Beat $180.43M Estimate
Portfolio Pulse from bharat@benzinga.com
Kaman Corporation (NYSE:KAMN) reported Q3 earnings of $0.10 per share, beating the analyst consensus estimate of $0.08 by 25%. However, this is a 68.75% decrease from the same period last year. The company also reported quarterly sales of $183.03 million, beating the analyst consensus estimate of $180.43 million by 1.44%, marking a 6.41% increase from the same period last year.
November 01, 2023 | 9:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Kaman's Q3 earnings beat estimates but are significantly down YoY. Sales also beat estimates and are up YoY.
While Kaman beat earnings and sales estimates, the significant YoY decrease in earnings could potentially concern investors. However, the increase in sales YoY is a positive sign. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100