World Kinect Corporation reports results for the quarter ended September 30 - Earnings Summary

• World Kinect Corporation WKC.N reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of three analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 88 cents to $1.08 per share.

• Revenue rose 41.3% to $13.27 billion from a year ago; analysts expected $12.34 billion.

• World Kinect Corporation's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $38 million.

• World Kinect Corporation shares had risen by 4.1% this quarter and gained 56.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 Corporation is $41.00, about 9.2% above its last closing price of $37.21

This summary was machine generated from LSEG data October 29 at 11:14 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)