Company Performance - Knife River reported quarterly earnings of $2.60 per share, missing the Zacks Consensus Estimate of $2.82 per share, representing an earnings surprise of -7.80% [1] - The company posted revenues of $1.11 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.49%, compared to year-ago revenues of $1.09 billion [2] - Over the last four quarters, Knife River has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Movement and Outlook - Knife River shares have increased approximately 47.3% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for future stock performance [4] - The current consensus EPS estimate for the coming quarter is $0.29 on $650 million in revenues, and for the current fiscal year, it is $3.68 on $2.92 billion in revenues [7] Industry Context - The Building Products - Miscellaneous industry, to which Knife River belongs, is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Knife River's stock performance [5][6]

https://files.reportify.cc/media/production/KNF3399026e1acdbeeb04ca343c2ded5700.jpg PERFORMANCE SUMMARY KNIFE RIVER CORPORATION REPORTS THIRD QUARTER FINANCIAL RESULTS Achieved record third quarter revenue, gross profit and net income Announced recent acquisition of aggregates and liquid asphalt businesses Narrowed guidance range on revenue and adjusted EBITDA BISMARCK, N.D. — November 4, 2024 — Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contract ...

The market expects Knife River (KNF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be relea ...

Knife River (KNF) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing ...

Several construction sector stocks were added to the Zacks Rank #1 (Strong Buy) list this week as beneficiaries of vibrant business industries. With the broader market starting to stabilize and rebound, here are three of these highly-ranked construction stocks to consider. Knife River Corporation (KNF) Providing value-added construction materials, we'll start with Knife River Corporation which has soared over +100% since spinning off from MDU Resources Group (MDU) in 2023. Knife River's increased profitabil ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 8th: Royal Caribbean Cruises (RCL) : This cruise company which primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Royal Caribbean Cruises' has a price-to-earnings ratio (P/E) of 0.43 compared with 1.61 for ...

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 June 30, 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 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

1 KNIFE RIVER Second Quarter 2024 Results Presentation August 6, 2024 NYSE Forward Looking Statements The information in this presentation highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries. Many of these highlighted statements and other statements not historical in nature are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reason ...

Knife River Corporation (NYSE:KNF) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Nathan Ring - Chief Financial Officer Brian Gray - President & Chief Executive Officer Conference Call Participants Brent Thielman - D.A. Davidson Trey Grooms - Stephens Inc. Kathryn Thompson - Thompson Research Group Timna Tanners - Wolfe Research Garik Shmois - Loop Capital Market Ian Zaffino – Oppenheimer Operator Good morning, ladies and gentlemen, and welcome to Knife River Second Quarter ...

Knife River (KNF) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.10%. A quarter ago, it was expected that this construction materials company would post a loss of $0.80 per share when it actually produced a loss of $0.84, delivering a surprise of -5%. Over the last four quarters, the ...