World Kinect Corp reports results for the quarter ended June 30 - Earnings Summary
World Kinect Corp reports results for the quarter ended June 30 - Earnings Summary
World Kinect Corp WKC.N reported quarterly adjusted earnings of $1.29 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of three analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 70 cents to 82 cents per share.
Revenue rose 50.3% to $13.59 billion from a year ago; analysts expected $10.50 billion.
World Kinect Corp's reported EPS for the quarter was 94 cents.
The company reported quarterly net income of $48.4 million.
World Kinect Corp shares had risen by 10.1% this quarter and gained 54.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 17.8% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
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 oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for World Kinect Corp is $41.00, about 11.5% above its last closing price of $36.27
This summary was machine generated from LSEG data July 24 at 08:26 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 2026 | 0.75 | 1.29 | Beat |
Mar. 31 2026 | 0.31 | 0.75 | Beat |
Dec. 31 2025 | 0.47 | 0.30 | Missed |
Sep. 30 2025 | 0.61 | 0.54 | Missed |
Recent news on World Kinect
See all newsWorld Kinect Corp reports results for the quarter ended June 30 - Earnings Summary
World Kinect Q2 adjusted EPS more than doubles driven by elevated jet fuel price volatility
Brief: World Kinect Q2 Adjusted EPS USD 1.29
U.S. STOCKS ON THE MOVE-Eli Lilly, Compass Pathways, Charter Communications
U.S. STOCKS ON THE MOVE-Zoom, Compass Pathways, X-Energy