How reliable are KMT's EPS projections historically?

Kennametal's (KMT) EPS projections have shown a decline in the latest quarter, with an EPS surprise of -0.01, compared to the diluted EPS of $0.23 in the MRQ. This indicates that the company's actual performance was below market expectations.

1. **Historical Performance**: Kennametal has historically aligned its sales expectations with analyst projections. For the full fiscal year 2024, the company adjusted its sales expectations to between $2.030 billion and $2.050 billion and adjusted EPS to range from $1.40 to $1.55.
2. **Market Challenges**: The company's performance is influenced by market challenges. The Metal Cutting segment saw a slight decrease in sales, while the Infrastructure segment experienced a 7% decrease in sales.
3. **Analyst Expectations**: Analysts estimate a decline in earnings and revenues for the quarter ended September 2024, which is consistent with the expected EPS decline.
4. **Consistency with Estimates**: Kennametal has beaten EPS estimates 75% of the time over the last two years.

In conclusion, while Kennametal's EPS projections have been generally reliable, the latest figures indicate a shortfall compared to expectations. The company's ability to meet earnings projections in the future will depend on overcoming current market challenges and maintaining segment performance.