World Kinect Corp reports results for the quarter ended December 31 - Earnings Summary

• World Kinect Corp WKC.N reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of five analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 43 cents to 59 cents per share.

• Revenue fell 18.7% to $9.76 billion from a year ago; analysts expected $10.33 billion.

• World Kinect Corp's reported EPS for the quarter was a loss of $1.77​.

• The company reported a quarterly loss of $101.8 million.

• World Kinect Corp shares had fallen by 0.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "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 Corp is $31.00

This summary was machine generated from LSEG data February 20 at 10:53 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)