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

• World Kinect Corp WKC.N reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of five analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 41 cents to 50 cents per share.

• Revenue fell 13.7% to $9.45 billion from a year ago; analysts expected $10.47 billion.

• World Kinect Corp's reported EPS for the quarter was a loss of 37 cents​.

• The company reported a quarterly loss of $27.1 million.

• World Kinect Corp shares had fallen by 15.4% this quarter and lost 12.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% 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," 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 April 24 at 09:01 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)