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

World Kinect

25/07/2024 23:24

* World Kinect Corporation  WKC.N  reported quarterly
adjusted
earnings of 48 cents​​ per share for the quarter ended in June,
identical to the same quarter last year.  The mean expectation
of five analysts for the quarter was for earnings of 56 cents
per share. Wall Street expected results to range from 53 cents
to 62 cents per share.
    * Revenue fell 0.1% to $10.97 billion from a year ago;
analysts
expected $11.98 billion. 
    * World Kinect Corporation's reported EPS for the quarter
was
$1.81​.
    * The company reported quarterly net income of $108.3
million.
    * World Kinect Corporation shares had risen by 3.4% this
quarter and gained 17.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.2%
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 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 $29.00 
This summary was machine generated from LSEG data July 25 at
10:24 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 2024      0.56           0.48           Missed
 Mar. 31 2024      0.49           0.47           Missed
 Dec. 31 2023      0.44           0.54           Beat
 Sep. 30 2023      0.58           0.58           Met