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. Eve ...

Core Viewpoint - Kirby (KEX) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - Analysts have shown growing optimism regarding Kirby's earnings prospects, reflected in the upward trend of estimate revisions, which historically correlates with stock price movements [2]. - The consensus earnings estimate for the current quarter is $1.27 per share, representing a year-over-year increase of +33.68%. Over the last 30 days, the estimate has risen by 5.23% with two upward revisions and no negative changes [5]. - For the full year, the earnings estimate stands at $5.29 per share, marking a +42.2% change from the previous year. The consensus estimate has increased by 7.16% over the past month, supported by three upward revisions and no negative revisions [6]. Zacks Rank and Performance - Kirby has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on the positive estimate revisions. Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008 [3][8]. - The Zacks Rank system is designed to help investors leverage earnings estimate revisions for informed investment decisions, with stocks ranked 1 and 2 significantly outperforming the S&P 500 [8]. Recent Stock Performance - Kirby's stock has appreciated by 17.4% over the past four weeks, driven by strong estimate revisions and increased investor interest, suggesting further upside potential remains [9].

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Kirby (KEX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Kirby is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 Nevada 74-1884980 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 55 Waugh Drive, Suite ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.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 stock aliv ...

Kirby Corporation’s (KEX) shareholder-friendly efforts and consistent earnings surprise history bolster investor confidence. Additionally, its strong cash flow generation signals promising prospects for the company. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s take a look at the factors that make the stock a strong investment pick at the moment.Robust Price Performance: A glimpse of the company’s price trend reveals that its shares have surged 51.1% in a year ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

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 ...