World Kinect Q1 2024 Adj EPS $0.47 Misses $0.49 Estimate, Sales $10.951B Miss $11.753B Estimate
Portfolio Pulse from Benzinga Newsdesk
World Kinect (NYSE:WKC) reported Q1 2024 adjusted EPS of $0.47, missing the $0.49 estimate, and sales of $10.951B, below the $11.753B estimate. This represents a 30.56% increase in EPS and a 12.27% decrease in sales from the same period last year.
April 25, 2024 | 8:53 pm
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World Kinect reported a Q1 2024 adjusted EPS of $0.47, missing estimates by 4.08%, and sales of $10.951B, missing estimates by 6.83%. Despite a 30.56% increase in EPS year-over-year, sales decreased by 12.27% from the previous year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in sales year-over-year further compounds concerns, despite the growth in EPS, indicating potential challenges in revenue generation or market conditions that could affect the stock negatively.
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