Kadant (KAI) Beats Q3 Earnings and Revenue Estimates

Core Viewpoint - Kadant (KAI) reported quarterly earnings of $2.59 per share, exceeding the Zacks Consensus Estimate of $2.18 per share, but down from $2.84 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +18.81%, following a previous surprise of +19.07% when earnings were $2.31 per share against an expectation of $1.94 [2] - Kadant's revenues for the quarter were $271.57 million, surpassing the Zacks Consensus Estimate by 4.29%, and slightly down from $271.61 million year-over-year [3] Stock Performance and Outlook - Kadant shares have declined approximately 12% year-to-date, contrasting with the S&P 500's gain of 16.9% [4] - The company's current Zacks Rank is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Earnings Expectations - The consensus EPS estimate for the upcoming quarter is $2.55 on revenues of $273.84 million, and for the current fiscal year, it is $9.14 on revenues of $1.03 billion [8] Industry Context - The Manufacturing - General Industrial industry, to which Kadant belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [9]