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Kennametal's (KMT) fiscal third-quarter 2024 revenues decrease 3.8% due to the lackluster performance of the Metal Cutting segment.
The headline numbers for Kennametal (KMT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Kennametal (KMT) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kennametal (KMT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Kennametal (KMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PITTSBURGH , April 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8. The press release and presentation will be available on the Company's website before market on May 8.
Kennametal (KMT) is set to benefit from the solid momentum in the Metal Cutting segment and innovation capabilities. However, weakness in the Infrastructure segment remains a concern.
Lower volume in aerospace and defense end markets, and increasing costs are weighing on Kennametal (KMT). Unfavorable foreign currency movement is an added concern.
Kennametal (KMT) reported earnings 30 days ago. What's next for the stock?
Kennametal's (KMT) fiscal second-quarter 2024 results benefit from the solid performance of the Metal Cutting segment.