Kadant Inc (NYSE:KAI) is expected to report its third quarter 2024 results on October 30, 2024. The consensus estimate for third quarter 2024 revenue is $266.45 million, and earnings are expected to be $2.56 per share . Full-year 2024 revenue is expected to be $1.05 billion and earnings to be $9.57 per share. More detailed estimation data can be found on the Forecast page.

Over the past 90 days, revenue estimates for Kadant Inc (NYSE:KAI) for the full year 2024, estimates increased from $1.06 billion to $1.05 billion, and for 2025, estimates decreased from $1.10 billion to $1.10 billion of dollars. Full-year 2024 earnings estimates decreased from $9.68 per share to $9.57 per share, and for 2025 estimates decreased from $10.99 per share to 10, $73 per share.

During the previous quarter of 06/30/2024, Kadant Inc (NYSE:KAI) actual revenue was $274.77 million, 4.31% higher than analysts’ expectations of $263.42 million. Kadant Inc (NYSE:KAI) actual earnings were $2.66 per share, 12.71% higher than analysts’ expectations of $2.36 per share. After publishing the results, Kadant Inc (NYSE:KAI) is down -1.44% in one day.

Based on 1-year price targets offered by 2 analysts, Kadant Inc’s average price target (NYSE:KAI) is $330 with a high estimate of $360 and a low estimate of $300. The average target implies an upside of 2.44% from the current price of $322.15.

Based on GuruFocus estimates, the estimate FG value for Kadant Inc (NYSE:KAI) in one year is $262.82, which suggests a -18.42% decline from the current price of $322.15.

Based on the consensus recommendation of 4 brokerage firms, Kadant Inc (NYSE:KAI) the average brokerage recommendation is currently 2.0, indicating an “Outperform” status. The rating scale is 1 to 5, where 1 means strong buy and 5 means sell.

This article, generated by GuruFocus, is designed to provide general information and does not constitute personalized financial advice. Our comments are based on historical data and analyst projections, using unbiased methodology, and are not intended to act as specific investment advice. It does not make a recommendation to purchase or sell shares and does not take into account individual investment objectives or financial situation. Our goal is to provide long-term, data-driven fundamental analysis. Please be aware that our analysis may not incorporate the most recent price-sensitive company announcements or qualitative information. GuruFocus has no position in any stocks mentioned here.

This article first appeared on GuruFocus.