World Kinect Corporation reports results for the quarter ended in December - Earnings Summary

World Kinect

23/02/2024 19:34

* World Kinect Corporation  WKC.N  reported quarterly
adjusted
earnings of 54 cents​​ per share for the quarter ended in
December, identical to the same quarter last year.  The mean
expectation of five analysts for the quarter was for earnings of
44 cents per share. Wall Street expected results to range from
35 cents to 50 cents per share.
    * Revenue fell 13.5% to $12.00 billion from a year ago;
analysts
expected $12.14 billion. 
    * World Kinect Corporation's reported EPS for the quarter
was a
loss of 58 cents​.
    * The company reported a quarterly loss of $34.8 million.
    * World Kinect Corporation shares had risen by 4.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.1%
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 2 "strong buy" or "buy," 2
"hold" and 1 "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
Corporation is $27.00 
This summary was machine generated from LSEG data February 23 at
07:34 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
 Dec. 31 2023      0.44           0.54           Beat
 Sep. 30 2023      0.58           0.58           Met
 Jun. 30 2023      0.47           0.48           Beat
 Mar. 31 2023      0.35           0.36           Beat