Kennametal Expects Q3 2024 Sales Of $510M-$530M, With Adjusted EPS Of $0.25-$0.35 Versus Consensus Of $541.75M And $0.47, Respectively
Portfolio Pulse from Benzinga Newsdesk
Kennametal projects its Q3 2024 sales to be between $510M-$530M, with an adjusted EPS of $0.25-$0.35, which falls below the consensus estimates of $541.75M in sales and $0.47 in EPS.
February 07, 2024 | 11:50 am
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NEGATIVE IMPACT
Kennametal's Q3 2024 sales and EPS projections are below market expectations, indicating potential downward pressure on its stock price in the short term.
Kennametal's projected sales and EPS for Q3 2024 are significantly lower than consensus estimates, which can lead to negative investor sentiment and potentially result in a decrease in the stock price in the short term. The discrepancy between the company's forecasts and market expectations suggests that Kennametal may be facing challenges that could impact its financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100