Kennametal (KMT) Soars 8.8%: Is Further Upside Left in the Stock?

Kennametal Inc. KMT shares rallied 8.8% in the last trading session to close at $19.09. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.1% loss over the past four weeks.Kennametal’s rally is driven by a surge in industrial stocks after President Trump announced he would temporarily pause reciprocal tariffs for 90 days for a dozen countries. Improved supply chain and increasing original equipment manufacturer production bode well for it.This engineered products maker is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -13.3%. Revenues are expected to be $490.31 million, down 4.9% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Kennametal, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KMT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Kennametal is a member of the Zacks Manufacturing - Tools & Related Products industry. One other stock in the same industry, Lincoln Electric Holdings (LECO), finished the last trading session 10.4% higher at $184.60. LECO has returned -15.4% over the past month.For Lincoln Electric, the consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $2.21. This represents a change of -0.9% from what the company reported a year ago. Lincoln Electric currently has a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kennametal Inc. (KMT): Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks