Kennametal (KMT) Matches Q2 Earnings Estimates

Earnings Performance - Kennametal reported quarterly earnings of $0.25 per share, matching the Zacks Consensus Estimate, but down from$0.30 per share a year ago [1] - The company had previously expected earnings of $0.25 per share, but actually reported$0.29, resulting in a surprise of 16% [1] - Over the last four quarters, Kennametal has surpassed consensus EPS estimates two times [1] Revenue Performance - The company posted revenues of $482.05 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.33$495.32 million in the same quarter last year [2] - Kennametal has topped consensus revenue estimates two times over the last four quarters [2] Stock Performance and Outlook - Kennametal shares have decreased by approximately 2.3% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of$511 million, and for the current fiscal year, it is $1.43 on revenues of$2.01 billion [7] Industry Context - The Manufacturing - Tools & Related Products industry, to which Kennametal belongs, is currently ranked in the top 35% of over 250 Zacks industries [8] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]