Knife River Corp reports results for the quarter ended March 31 - Earnings Summary

• Knife River Corp KNF.N reported a quarterly adjusted loss of $1.21​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -84 cents. The mean expectation of eight analysts for the quarter was for a loss of 92 cents per share. Wall Street expected results to range from $-1.19 to -71 cents per share.

• Revenue rose 7.3% to $353.50 million from a year ago; analysts expected $338.82 million.

• Knife River Corp's reported EPS for the quarter was a loss of $1.21​.

• The company reported a quarterly loss of $68.7 million.

• Knife River Corp shares had risen by 7.4% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction materials peer group is also "buy"

• Wall Street's median 12-month price target for Knife River Corp is $113.39

This summary was machine generated from LSEG data May 6 at 01:31 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)