Kadant Earnings: Everything You Must Know Now

Kadant Inc. (NYSE:KAI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Kadant Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 21.67% to $0.47 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Decreased 9.4% to $76.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kadant Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.34.

Quoting Management: “We are off to a better start in 2013 than we had expected,” said Jonathan W. Painter, president and chief executive officer of Kadant. “Diluted EPS from continuing operations was $0.47 in the first quarter of 2013, including $0.03 of acquisition costs, and exceeded our guidance of $0.32 to $0.34. This strong performance was driven by a number of factors, including higher revenues in our Fluid-Handling and our Doctoring, Cleaning, & Filtration product lines, as well as excellent gross profit margins.”

Key Stats (on next page)…

Revenue decreased 2.38% from $78.06 million in the previous quarter. EPS increased 6.82% from $0.44 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.47. For the current year, the average estimate has moved down from a profit of $2.35 to a profit of $1.90 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , ,  

More from The Cheat Sheet