World Kinect Corporation expected to post earnings of 49 cents a share - Earnings Preview

World Kinect

23/04/2024 22:58

* World Kinect Corporation  WKC.N   WKC  is expected to show
a
fall in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The Miami Florida-based  company is expected to report a
5.8% decrease in revenue to $11.753 billion from $12.48 billion
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for World Kinect Corporation
is
for earnings of 49 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 12.8%
in the last three months. ​
    * Wall Street's median 12-month price target for World
Kinect
Corporation is $29.00​, above​ its last closing price of $25.17.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.43        0.44       0.54      Beat    23.3
 Sep. 30 2023  0.53        0.58       0.58      Met     -0.6
 Jun. 30 2023  0.47        0.47       0.48      Beat    1.4​
 Mar. 31 2023  0.35        0.35       0.36      Beat    2.9
 ​​Dec.        0.48        0.48       0.54      Beat    12.5
 31 2022                                                
 Sep. 30 2022  0.64        0.64       0.67      Beat    4.7​
 Jun. 30 2022  0.29        0.29       0.41      Beat    41.4
 Mar. 31 2022  0.30        0.30       0.42      Beat    42.4
 This summary was machine generated April 23 at 21:58 GMT.  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)