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

World Kinect

27/10/2023 24:51

* World Kinect Corporation  WKC.N  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 58 cents per share.
    * Revenue fell 21.8% to $12.25 billion from a year ago;
analysts
expected $12.03 billion. 
    * World Kinect Corporation's reported EPS for the quarter
was 58
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.3%
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 fallen by 12.6% this
quarter and lost 28.2% so far this year.
    * The company reported quarterly net income of $34.9
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
October 26 at 11:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.58           0.58           Met
 Jun. 30 2023      0.47           0.48           Beat
 Mar. 31 2023      0.35           0.36           Beat
 Dec. 31 2022      0.48           0.54           Beat