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 ...

Kirby Corporation’s (KEX) strong segmental performances, driven by increased demand, are boosting its top line. 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 at the company’s price trend reveals that its shares have surged 25.9% year to date, surpassing the industry’s 13.8% growth.Image Source: Zacks Investment ResearchSolid Rank & VGM Scor ...

Have you been paying attention to shares of Kirby (KEX) ? Shares have been on the move with the stock up 9.4% over the past month. The stock hit a new 52-week high of $97.81 in the previous session. Kirby has gained 23.8% since the start of the year compared to the 3.9% move for the Zacks Transportation sector and the 14.1% return for the Zacks Transportation - Shipping industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings co ...

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.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with spec ...

Kirby Corporation’s (KEX) prospects are being aided by robust top-line expansion, driven by increased demand in the distribution and services segment. The buoyant market conditions support the marine transportation unit’s performance. However, the coastal market's weakness and elevated capital costs could be concerning.Factors Favoring KEXReflecting the strong performance of the distribution and services segment, Kirby's fourth-quarter 2023 segmental revenues rose by 12.7% to $346.6 million, driven by incre ...