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Market Impact: 0.34

Kennametal (KMT) Beats Q3 Earnings and Revenue Estimates

KMT
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Kennametal reported quarterly EPS of $0.77, beating the Zacks Consensus Estimate of $0.68 by $0.09, or about 13%. Earnings also improved from $0.47 per share a year ago, indicating year-over-year progress in profitability. The print is a modest positive for the stock, with the main catalyst being the earnings beat versus expectations.

Analysis

Kennametal reported quarterly EPS of $0.77, beating the Zacks Consensus Estimate of $0.68 by $0.09, or about 13%. Earnings also improved from $0.47 per share a year ago, indicating year-over-year progress in profitability. The print is a modest positive for the stock, with the main catalyst being the earnings beat versus expectations.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.43

Ticker Sentiment

KMT0.62