Kennametal Expects 2024 Sales Of $2.02B-$2.07B, With Adjusted EPS Of $1.35-$1.65 Versus Consensus Of $2.09B And $1.73, Respectively
Portfolio Pulse from Benzinga Newsdesk
Kennametal projects its 2024 sales to range between $2.02 billion and $2.07 billion, with an adjusted EPS of $1.35 to $1.65. These figures fall below the consensus estimates of $2.09 billion in sales and an EPS of $1.73.
February 07, 2024 | 11:51 am
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Kennametal's 2024 sales and EPS projections are below market expectations, indicating potential challenges ahead.
Kennametal's projected sales and EPS for 2024 are below the consensus estimates, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The company's acknowledgment of not meeting market expectations might be viewed as a sign of operational or market challenges, influencing investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100