Kadant Sees Q4 Revenue $252M-$260M Vs $263.09M Est.; Adj. EPS $1.90-$2.10 Vs $2.31 Est.
Portfolio Pulse from Benzinga Newsdesk
Kadant has revised its Q4 2024 revenue guidance to $252M-$260M, below the $263.09M estimate, and adjusted EPS to $1.90-$2.10, below the $2.31 estimate. The company has also updated its full-year 2024 guidance, slightly narrowing revenue expectations and raising adjusted EPS guidance.
October 29, 2024 | 8:48 pm
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Kadant's Q4 2024 revenue and adjusted EPS guidance are below analyst estimates, which may lead to short-term negative sentiment. However, the company has raised its full-year adjusted EPS guidance, indicating potential long-term strength.
Kadant's Q4 guidance is below market expectations, which typically results in negative short-term stock price movements. However, the increase in full-year adjusted EPS guidance suggests confidence in future performance, potentially mitigating long-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100