Recap: Kadant Q4 Earnings
Portfolio Pulse from Benzinga Insights
Kadant (NYSE:KAI) reported Q4 earnings with an EPS of $2.41, beating estimates by 12.09% and showing a revenue increase of $6.58 million from the previous year. This follows a pattern of beating EPS estimates in previous quarters, which has positively impacted its share price.
February 14, 2024 | 9:25 pm
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Kadant reported a strong Q4 earnings beat with an EPS of $2.41, surpassing estimates by 12.09%, and a revenue increase from the previous year.
Kadant's Q4 earnings beat and consistent history of surpassing EPS estimates suggest a positive short-term impact on its stock price. The company's ability to exceed expectations and show revenue growth is likely to be viewed favorably by investors, potentially leading to an increase in stock price similar to the 6.98% rise observed after last quarter's earnings beat.
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