Kadant Expects Q1 Revenue Of $238M-$246M (Est $232.85M), Adjusted EPS Of $1.90-$2.00 (Est $2.29)
Portfolio Pulse from Benzinga Newsdesk
Kadant Inc. has projected its Q1 revenue to be between $238M-$246M, surpassing the estimated $232.85M. However, its adjusted EPS is expected to be $1.90-$2.00, below the estimated $2.29.
February 14, 2024 | 10:12 pm
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Kadant Inc. projects higher Q1 revenue than expected but anticipates lower adjusted EPS.
The positive revenue forecast could boost investor confidence in Kadant's growth prospects, potentially offsetting concerns over the lower-than-expected EPS projection. The mixed financial outlook suggests a neutral short-term impact on the stock price, as positive revenue news may balance out the negative EPS forecast.
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