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Here's What Key Metrics Tell Us About Kennametal (KMT) Q4 Earnings
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For the quarter ended June 2024, Kennametal (KMT - Free Report) reported revenue of $543.31 million, down 1.3% over the same period last year. EPS came in at $0.49, compared to $0.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $532.09 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +11.36%, with the consensus EPS estimate being $0.44.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kennametal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Sales- Infrastructure
: $208.76 million versus $204.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.2% change.
Total Sales- Metal Cutting
: $334.54 million versus the three-analyst average estimate of $327.23 million. The reported number represents a year-over-year change of -0.7%.
Operating Income (loss)- Corporate
: -$0.56 million versus -$0.91 million estimated by three analysts on average.
Operating Income- Proforma- Infrastructure
: $18.22 million compared to the $19.51 million average estimate based on three analysts.
Operating Income- Proforma- Metal Cutting
: $44.92 million versus $38.01 million estimated by three analysts on average.
Shares of Kennametal have returned +6.3% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Kennametal (KMT) Q4 Earnings
For the quarter ended June 2024, Kennametal (KMT - Free Report) reported revenue of $543.31 million, down 1.3% over the same period last year. EPS came in at $0.49, compared to $0.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $532.09 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +11.36%, with the consensus EPS estimate being $0.44.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kennametal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Kennametal here>>>Total Sales- Infrastructure
: $208.76 million versus $204.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.2% change.Total Sales- Metal Cutting
: $334.54 million versus the three-analyst average estimate of $327.23 million. The reported number represents a year-over-year change of -0.7%.Operating Income (loss)- Corporate
: -$0.56 million versus -$0.91 million estimated by three analysts on average.Operating Income- Proforma- Infrastructure
: $18.22 million compared to the $19.51 million average estimate based on three analysts.Operating Income- Proforma- Metal Cutting
: $44.92 million versus $38.01 million estimated by three analysts on average.Shares of Kennametal have returned +6.3% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.