Knife River Corp reports results for the quarter ended in June - Earnings Summary

Knife River

06/08/2024 15:22

* Knife River Corp  KNF.N  reported quarterly adjusted
earnings of
$1.37​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.00. 
The mean expectation of seven analysts for the quarter was
for earnings of $1.24 per share. Wall Street expected results to
range from $1.12  to $1.35 per share.
    * Revenue rose 2.8% to $806.90 million from a year ago;
analysts
expected $803.81 million. 
    * Knife River Corp's reported EPS for the quarter was
$1.37​.
    * The company reported quarterly net income of $77.9
million.
    * Knife River Corp shares had risen by 0.9% this quarter and
gained 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
materials peer group is also "buy"

Wall Street's median 12-month price target for Knife River Corp
is $87.00 
This summary was machine generated from LSEG data August 6 at
02:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.24           1.37           Beat
 Mar. 31 2024      -0.86          -0.84          Beat
 Dec. 31 2023      0.16           0.36           Beat
 Sep. 30 2023      1.86           2.58           Beat