Kadant Sees Q2 2024 Adj. EPS $2.40-$2.50 Vs $2.53 Est.; Revenue $258M-$266M Vs $266.104M Est.
Portfolio Pulse from Benzinga Newsdesk
Kadant Inc. projects its Q2 2024 adjusted EPS to be between $2.40 and $2.50, below the estimated $2.53. The company also forecasts revenue to range from $258 million to $266 million, slightly under the expected $266.104 million.
April 30, 2024 | 8:28 pm
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Kadant Inc. anticipates its Q2 2024 adjusted EPS and revenue to fall slightly below analyst expectations.
Kadant's projected earnings and revenue for Q2 2024 are both below analyst estimates, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The company's specific mention of adjusted EPS and revenue figures provides clear metrics for investors to assess the potential impact on its financial performance.
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