Kronos Worldwide Inc reports results for the quarter ended in June - Earnings Summary

Kronos Worldwide

08/08/2024 04:53

* Kronos Worldwide Inc  KRO.N  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -7 cents.  The mean expectation of
three analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 7 cents to 20
cents per share.
    * Revenue rose 12.9% to $500.50 million from a year ago;
analysts
expected $543.12 million. 
    * Kronos Worldwide Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $19.5
million.
    * Kronos Worldwide Inc shares had fallen by 16.1% this
quarter and
gained 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 67.8%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for Kronos Worldwide
Inc is $11.00 
This summary was machine generated from LSEG data August 8 at
03:53 a.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      0.15           0.17           Beat
 Mar. 31 2024      0.01           0.07           Beat
 Dec. 31 2023      -0.14          -0.05          Beat
 Sep. 30 2023      -0.06          -0.18          Missed