Kadant Expects 2024 Revenue Of $1.04B-$1.065B (Est $968.02M), Adjusted EPS Of $9.75-$10.05 (Est $9.86)
Portfolio Pulse from Benzinga Newsdesk
Kadant Inc. has projected its 2024 revenue to be between $1.04 billion and $1.065 billion, surpassing the estimated $968.02 million. Additionally, the company expects its adjusted EPS to range from $9.75 to $10.05, which is around the estimated $9.86.
February 14, 2024 | 10:10 pm
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Kadant Inc. projects higher-than-expected 2024 revenue and an adjusted EPS close to estimates, indicating strong future performance.
Kadant Inc.'s projection of its 2024 revenue significantly exceeds analyst estimates, suggesting a positive outlook for the company's financial health and operational efficiency. The adjusted EPS being close to estimates further solidifies the company's stable earnings potential. This positive financial forecast is likely to instill investor confidence, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100