Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Kirby Corporation (KEX) reported first-quarter 2024 earnings of $1.19 per share, which beat the Zacks Consensus Estimate of 97 cents and improved 75% year over year. Total revenues of $808 million surpassed the Zacks Consensus Estimate of $784.4 million and improved 7.6% year over year.Total costs and expenses (on a reported basis) grew 2.5% year over year to $706.49million.Segmental PerformanceThe company operates via two segments, namely, marine transportation, and distribution and services.Revenues in th ...

Have you been paying attention to shares of Kirby (KEX) ? Shares have been on the move with the stock up 17.7% over the past month. The stock hit a new 52-week high of $114.35 in the previous session. Kirby has gained 42.9% since the start of the year compared to the -0.4% move for the Zacks Transportation sector and the 5.9% return for the Zacks Transportation - Shipping industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...

Exhibit 99.1 KIRBY CORPORATION Contact: Kurt Niemietz 713-435-1077 FOR IMMEDIATE RELEASE Segment Results – Marine Transportation Marine transportation revenues for the 2024 first quarter were $475.4 million compared with $412.5 million for the 2023 first quarter. Operating income for the 2024 first quarter was $83.0 million compared with $43.0 million for the 2023 first quarter. Segment operating margin for the 2023 first quarter was 17.5% compared with 10.4% for the 2023 first quarter. In the inland market ...

Kirby Corporation (NYSE:KEX) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Kurt Niemietz - VP, IR and Treasurer David Grzebinski - President and CEO Raj Kumar - EVP and CFO Christian O'Neil - President, Kirby Marine Transportation Group Conference Call Participants Ben Nolan - Stifel Sherif Elmaghrabi - BTIG Greg Wasikowski - Webber Research and Advisory Derek Podhaizer - Barclays Operator Good morning and welcome to the Kirby Corporation 2024 First Earnings Conference Call ...

For the quarter ended March 2024, Kirby (KEX) reported revenue of $808.02 million, up 7.7% over the same period last year. EPS came in at $1.19, compared to $0.68 in the year-ago quarter.The reported revenue represents a surprise of +3.01% over the Zacks Consensus Estimate of $784.43 million. With the consensus EPS estimate being $0.97, the EPS surprise was +22.68%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

Kirby (KEX) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.68%. A quarter ago, it was expected that this barge operator would post earnings of $1.03 per share when it actually produced earnings of $1.04, delivering a surprise of 0.97%.Over the last four quarters, the company has s ...

Wall Street analysts expect Kirby (KEX) to post quarterly earnings of $0.97 per share in its upcoming report, which indicates a year-over-year increase of 42.7%. Revenues are expected to be $784.43 million, up 4.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnin ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Kirby (KEX) , which belongs to the Zacks Transportation - Shipping industry, could be a great candidate to consider.This barge operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 1.96%.For the most recent quarter, Kirby ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...