World Kinect Corp reports results for the quarter ended in September 30 - Earnings Summary

World Kinect

27/10/2024 15:48

* World Kinect Corp  WKC.N  reported quarterly adjusted
earnings
of 62 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 58 cents.  The mean expectation of five analysts
for the quarter was for earnings of 62 cents per share. Wall
Street expected results to range from 58 cents to 65 cents per
share.
    * Revenue fell 14.3% to $10.49 billion from a year ago;
analysts
expected $11.77 billion. 
    * World Kinect Corp's reported EPS for the quarter was 57
cents​.
    * The company reported quarterly net income of $33.5
million.
    * World Kinect Corp shares had risen by 1.4% this
quarter and
gained 37.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "hold"

Wall Street's median 12-month price target for World Kinect Corp
is 30.00 
This summary was machine generated from LSEG data October 27 at
03:48 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      0.62           0.62           Met
 Jun. 30 2024      0.56           0.48           Missed
 Mar. 31 2024      0.49           0.47           Missed
 Dec. 31 2023      0.44           0.54           Beat