Knife River Corp reports results for the quarter ended in September 30 - Earnings Summary

Knife River

04/11/2024 15:19

* Knife River Corp  KNF.N  reported quarterly adjusted
earnings of
$2.60​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $2.58.  The mean expectation of seven analysts for the
quarter was for earnings of $2.81 per share. Wall Street
expected results to range from $2.67  to $2.98 per share.
    * Revenue rose 1.4% to $1.11 billion from a year ago;
analysts
expected $1.12 billion. 
    * Knife River Corp's reported EPS for the quarter was
$2.60​.
    * The company reported quarterly net income of $148.1
million.
    * Knife River Corp shares had risen by 9.0% this quarter and
gained 47.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $104.00 
This summary was machine generated from LSEG data November 4 at
03:19 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
 Sep. 30 2024      2.81           2.60           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