Kennametal Sees FY24 Adj EPS Of $1.40 - $1.55 Vs. $1.48 Est.
Portfolio Pulse from Benzinga Newsdesk
Kennametal projects its adjusted earnings per share (EPS) for fiscal year 2024 to range between $1.40 and $1.55, compared to the estimated $1.48.
May 08, 2024 | 10:36 am
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Kennametal's projected adjusted EPS for FY24 is in the range of $1.40 to $1.55, which is around the analyst estimate of $1.48.
Kennametal's guidance for FY24 adjusted EPS closely aligns with analyst expectations, suggesting a neutral short-term impact on its stock price. The guidance indicates management's confidence in the company's performance but does not significantly exceed market expectations to drive a positive price movement.
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IMPORTANCE 75
RELEVANCE 100