Can Kennametal (KMT) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Kennametal (KMT) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2] Earnings Estimates - Analysts are optimistic about Kennametal's earnings prospects, leading to higher estimates that are expected to positively influence the stock price [2] - The consensus earnings estimate for the current quarter is $0.27 per share, reflecting an 8.0% increase from the previous year, with a 40% rise in the Zacks Consensus Estimate over the last 30 days [6] - For the full year, the expected earnings are $1.13 per share, indicating a year-over-year decline of 15.7%, but the trend shows encouraging revisions with no negative adjustments [7] Zacks Rank - Kennametal currently holds a Zacks Rank 2 (Buy), indicating a favorable position based on the positive estimate revisions [8] - The Zacks Rank system has a strong track record, with Zacks 1 (Strong Buy) stocks averaging a 25% annual return since 2008, suggesting that Kennametal could outperform the S&P 500 [3][8] Stock Performance - The stock has appreciated by 22.8% over the past four weeks due to strong estimate revisions, indicating potential for further upside [9]