Kennametal Expects Q1 Sales Of $480M-$500M Vs $488.07M Est, Adj EPS Of $0.20-$0.30 Vs $0.38 Est
Portfolio Pulse from Benzinga Newsdesk
Kennametal has provided its Q1 fiscal 2025 outlook, expecting sales between $480M and $500M, slightly below the $488.07M estimate. Adjusted EPS is projected to be $0.20-$0.30, significantly lower than the $0.38 estimate.
August 07, 2024 | 10:33 am
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Kennametal's Q1 fiscal 2025 outlook shows sales between $480M and $500M, slightly below the $488.07M estimate. Adjusted EPS is projected to be $0.20-$0.30, significantly lower than the $0.38 estimate.
The lower-than-expected sales and significantly lower adjusted EPS forecast are likely to negatively impact investor sentiment and the stock price in the short term.
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