Kaman (KAMN) Q1 Earnings and Revenues Surpass Estimates

By Zacks7 days ago

Kaman (KAMN) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 52.63%. A quarter ago, it was expected that this industrial distribution aircraft components company would post earnings of $0.58 per share when it actually produced earnings of $0.41, delivering a surprise of -29.31%.

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Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Kaman, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $171.62 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $207.32 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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