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

World Kinect

26/04/2024 01:43

* World Kinect Corporation  WKC.N  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of five analysts
for the quarter was for earnings of 49 cents per share. Wall
Street expected results to range from 41 cents to 58 cents per
share.
    * Revenue fell 12.3% to $10.95 billion from a year ago;
analysts
expected $11.75 billion. 
    * World Kinect Corporation's reported EPS for the quarter
was 45
cents​.
    * The company reported quarterly net income of $27.4
million.
    * World Kinect Corporation shares had fallen by 5.3% this
quarter and gained 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.1%
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 April 26 at
12:43 a.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
 Mar. 31 2024      0.49           0.47           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