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

Knife River

07/05/2024 14:32

* Knife River Corp  KNF.N  reported a quarterly adjusted
loss
of 84 cents​​ per share for the quarter ended in March.  The
mean expectation of five analysts for the quarter was for a loss
of 86 cents per share. Wall Street expected results to range
from -94 cents to -78 cents per share.
    * Revenue was $329.60 million​; analysts expected $300.98
million. 
    * Knife River Corp's reported EPS for the quarter was a loss
of 84
cents​.
    * The company reported a quarterly loss of $47.6 million.
    * Knife River Corp shares had fallen by 0.4% this
quarter and
gained 22.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $83.00 
This summary was machine generated from LSEG data May 7 at 01:31
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
 Mar. 31 2024      -0.86          -0.84          Beat
 Dec. 31 2023      0.16           0.36           Beat
 Sep. 30 2023      1.86           2.58           Beat
 Jun. 30 2023      0.58           1.00           Beat