Preview: World Kinect's Earnings

World Kinect (NYSE:WKC) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate World Kinect to report an earnings per share (EPS) of $0.61.

World Kinect bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.08, leading to a 0.37% drop in the share price the following trading session.

Here's a look at World Kinect's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.56

0.49

0.46

0.58

EPS Actual

0.48

0.47

0.54

0.58

Price Change %

-0.0%

-7.000000000000001%

9.0%

-8.0%

Tracking World Kinect's Stock Performance

Shares of World Kinect were trading at $31.37 as of October 22. Over the last 52-week period, shares are up 56.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on World Kinect

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on World Kinect.

The consensus rating for World Kinect is Underperform, derived from 4 analyst ratings. An average one-year ...