Core Viewpoint - Kadant (KAI) reported quarterly earnings of $2.10 per share, exceeding the Zacks Consensus Estimate of $1.97 per share, but down from $2.38 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 6.60%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Kadant's revenues for the quarter were $239.21 million, slightly above the Zacks Consensus Estimate by 0.13%, but down from $248.98 million year-over-year [3] - The company has exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance and Outlook - Kadant shares have declined approximately 9.1% since the beginning of the year, compared to a 6% decline in the S&P 500 [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The consensus EPS estimate for the upcoming quarter is $2.64 on revenues of $267.54 million, and for the current fiscal year, it is $9.94 on revenues of $1.05 billion [8] Industry Context - The Manufacturing - General Industrial industry, to which Kadant belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact stock performance [9]
Kadant (KAI) Q1 Earnings and Revenues Surpass Estimates