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Earnings Preview: Kadant

Kadant (NYSE:KAI) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Kadant will report an earnings per share (EPS) of $2.43.

Anticipation surrounds Kadant's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

The company's EPS beat by $0.38 in the last quarter, leading to a 1.44% drop in the share price on the following day.

Here's a look at Kadant's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.43

1.88

2.15

2.27

EPS Actual

2.81

2.38

2.41

2.69

Price Change %

-1.0%

-4.0%

8.0%

7.000000000000001%

Stock Performance

Shares of Kadant were trading at $316.45 as of October 25. Over the last 52-week period, shares are up 46.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Kadant

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Kadant.

A total of 2 analyst ratings have been received for Kadant, with the consensus rating being Neutral. The average one-year price target stands at $330.0, suggesting a ...