Kadant Inc (NYSE:KAI) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KAI to report 3Q20 income of $ 0.97 per share.
For the full year, analysts anticipate top line of $ 619.84 million, while looking forward to income of $ 4.38 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 690.00 million ~ $ 700.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.10 per share
Click Here For More Historical Outlooks Of Kadant Inc
Previous Quarter Performance
Kadant Inc disclosed income for the second quarter of $ 1.06 per share, from the revenue of $ 152.86 million. The quarterly earnings shrunk 25.35 percent while revenues down 13.72 percent compared with the same quarter last year.
Wall street analysts are predicting, KAI to report 2Q20 income of $ 0.74 per share from revenue of $ 150.01 million. The bottom line results beat street analysts by $ 0.32 or 43.24 percent, at the same time, top line results outshined analysts by $ 2.85 million or 1.90 percent.
Stock Performance
Shares of Kadant Inc traded up $ 2.78 or 2.37 percent on Friday, reaching $ 120.00 with volume of 30.60 thousand shares. Kadant Inc has traded high as $ 120.95 and has cracked $ 117.40 on the downward trend
According to the previous trading day, closing price of $ 120.00, representing a 122.39 % increase from the 52 week low of $ 52.71 and a 7.82 % decrease over the 52 week high of $ 127.16.
The company has a market capital of $ 1.38 billion and is part of the Industrials sector and Diversified Industrials industry.
Kadant Inc. supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems.
