For the quarter ended December 2023, Kirby (KEX) reported revenue of $799.18 million, up 9.5% over the same period last year. EPS came in at $1.04, compared to $0.67 in the year-ago quarter.
The reported revenue represents a surprise of +2.33% over the Zacks Consensus Estimate of $780.96 million. With the consensus EPS estimate being $1.03, the EPS surprise was +0.97%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Kirby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Distribution and services: $346.58 million versus the two-analyst average estimate of $345.62 million. The reported number represents a year-over-year change of +12.7%.
- Revenues- Marine transportation: $452.60 million versus $435.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Operating income- Distribution and services: $28.65 million versus $24.91 million estimated by two analysts on average.
- Operating income- Marine transportation: $68.19 million versus $71.86 million estimated by two analysts on average.
View all Key Company Metrics for Kirby here>>>
Shares of Kirby have returned -0.1% over the past month versus the Zacks S&P 500 composite’s +1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Reveals ChatGPT “Sleeper” Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other “must buys.” Plus more.
Download Free ChatGPT Stock Report Right Now >>
Kirby Corporation (KEX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.