World Kinect Corp reports results for the quarter ended June 30 - Earnings Summary

• World Kinect Corp WKC reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of three analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 46 cents to 50 cents per share.

• Revenue fell 17.5% to $9.04 billion from a year ago; analysts expected $9.32 billion.

• World Kinect Corp's reported EPS for the quarter was a loss of $6.06​.

• The company reported a quarterly loss of $339.4 million.

• World Kinect Corp shares had fallen by 2.4% this quarter and gained 0.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

• Wall Street's median 12-month price target for World Kinect Corp is $32.00, about 14.8% above its last closing price of $27.27

This summary was machine generated from LSEG data July 31 at 09:46 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)