Knife River Corp reports results for the quarter ended June 30 - Earnings Summary

• Knife River Corp KNF.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.37. The mean expectation of nine analysts for the quarter was for earnings of $1.42 per share. Wall Street expected results to range from $1.25 to $1.58 per share.

• Revenue rose 3.3% to $833.80 million from a year ago; analysts expected $893.00 million.

• Knife River Corp's reported EPS for the quarter was 89 cents​.

• The company reported quarterly net income of $50.6 million.

• Knife River Corp shares had risen by 3.3% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% 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 "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "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 $117.00, about 27.9% above its last closing price of $84.36

This summary was machine generated from LSEG data August 5 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)