when is the earnings report for kmt 2982

When Is the Earnings Report For KMT?

Kennametal Inc. (KMT) recently released its fourth quarter earnings report. Its earnings per diluted share was $0.50, beating the Zacks Consensus Estimate by 12.8%. Its sales also beat the Zacks Consensus Estimate by 1.5%. The company also increased its bottom line during the quarter by 7% to $152.2 million. This resulted in a $0.54 EPS, up from $0.41 in the prior year quarter. Revenues increased 10% year-over-year to $263.9 million, and net income increased by 7.9% to $113.9 million.

KMT’s upcoming earnings report will be very important to investors. Its performance will influence individual traders and hedge fund managers. Its decline could wipe out their entire portfolio value. Therefore, knowing when is the earnings report for KMT will help you protect your portfolio. If KMT’s stock price is expected to rise by 4%, this could be a great opportunity to make money. However, investors should exercise caution when trading options. A successful strategy for KMT options is to sell them at a strike price that is 8% higher than the current stock price. After the expiration, KMT options would be worthless, and you will keep the entire premium. If KMT stocks fall by 4%, you could add a 2nd leg to your trade by purchasing another Put option at a lower strike price. It would be a good counter-strategy