Kadant KAI reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Kadant beat estimated earnings by 9.8%, reporting an EPS of $2.24 versus an estimate of $2.04.
Revenue was up $25.84 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18 which was followed by a 5.51% increase in the share price the next day.
Here's a look at Kadant's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.10 | 2.02 | 1.67 | 1.51 |
| EPS Actual | 2.28 | 2.31 | 1.97 | 2.01 |
| Revenue Estimate | 215.17M | 214.60M | 199.71M | 178.13M |
| Revenue Actual | 226.48M | 218.52M | 199.79M | 195.81M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Kadant management provided guidance for FY 2022, expecting earnings between $8.8 and $9.0 per share.
To track all earnings releases for Kadant visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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