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

World Kinect

28/07/2023 04:15

* World Kinect Corporation  WKC.N  reported quarterly
adjusted
earnings of 48 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 47 cents per share.
    * Revenue fell 35.9% to $10.98 billion from a year ago;
analysts
expected $13.20 billion. 
    * World Kinect Corporation's reported EPS for the quarter
was 48
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * World Kinect Corporation shares had risen by 11.9% this
quarter and lost 15.3% so far this year.
    * The company reported quarterly net income of $29.9
million.
    * Wall Street's median 12-month price target for World
Kinect
Corporation is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 03:15 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.47           0.48           Beat
 Mar. 31 2023      0.35           0.36           Beat
 Dec. 31 2022      0.48           0.54           Beat
 Sep. 30 2022      0.64           0.67           Beat