Core Viewpoint - Kronos Worldwide, Inc. (KRO) is expected to benefit from increased demand for titanium dioxide (TiO2) and reduced pricing pressure, alongside cost-reduction initiatives that will support margins [1][4][13]. Group 1: Stock Performance - KRO shares have increased approximately 25% over the past six months and have outperformed the industry with a 49.1% rise compared to a 6.9% decline in the industry [1][3]. - The Zacks Consensus Estimate for KRO's earnings for 2024 is projected at 85 cents, indicating a year-over-year growth of 297.7% [10]. Group 2: Growth Prospects - Sales volumes for KRO in 2024 are expected to exceed those of 2023 due to improved demand [5]. - The company has seen a 157.6% increase in the Zacks Consensus Estimate for 2024 over the past two months, with a 175% upward revision for the second quarter [11]. Group 3: Demand and Cost Initiatives - KRO is well-positioned to benefit from a compound annual growth rate of around 2% in TiO2 consumption since 2000, with significant consumption expected in Western Europe and North America [12]. - Internal cost initiatives are anticipated to support margins in 2024, with expectations of reduced energy costs and improved selling prices contributing to better operating results [13][15].

Group 1: Company Performance - Kronos Worldwide, Inc. (KRO) shares have increased by 35.2% year to date, outperforming the industry's decline of 2% and the S&P 500's rise of approximately 13.9% during the same period [1] - Earnings estimates for Kronos have risen significantly, with the Zacks Consensus Estimate for 2024 increasing by around 157.6% [3][11] - The consensus estimate for earnings in 2024 is currently pegged at 85 cents, indicating an expected year-over-year growth of 297.7% [7] Group 2: Market Demand and Production - Kronos is experiencing higher demand for titanium dioxide (TiO2), which is driving sales volumes, with TiO2 consumption increasing at a compound annual growth rate of about 2% since 2000 [2] - The company has increased its production rates in line with current and expected near-term demand improvements, expecting production rates for the remainder of 2024 to exceed those of 2023 [6][10] - Kronos anticipates improved margins in 2024 due to reduced energy costs, cost-cutting initiatives, and higher selling prices [14] Group 3: Industry Context - Major markets for TiO2 include Western Europe and North America, which account for approximately 14% and 15% of global consumption, respectively [2] - Other top-ranked stocks in the basic materials sector include Carpenter Technology Corporation (CRS), Axalta Coating Systems Ltd. (AXTA), and ATI Inc. (ATI) [4]

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. There are several stocks that currently pass through the screen and Kronos Worldwide (KRO) is one of them. Here are the key rea ...

Image Source: Zacks Investment Research KRO is well-placed to gain from higher demand for TiO2. Per the company, TiO2 consumption has increased at a compound annual growth rate of around 2% since 2000. Western Europe and North America account for roughly 14% and 15% of global TiO2 consumption, respectively. These regions are expected to continue to be the biggest consumers of TiO2. Moreover, markets for TiO2 are growing in South America, Eastern Europe, the Asia Pacific region and China. operating results o ...

A month has gone by since the last earnings report for Kronos Worldwide (KRO) . Shares have added about 9.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Kronos Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Kronos Worldwide's Earnings & Sales Top E ...

Kronos Worldwide, Inc.'s (KRO) shares have popped around 15% over the past month. It is expected to gain from higher demand for titanium dioxide (TiO2) and easing pricing pressure this year. Cost-reduction initiatives are also expected to support margins. We are positive on the company's prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. Let's take a look into the factors that make this Zacks Rank #2 (Buy) stock ...

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. Whi ...

Kronos Worldwide (KRO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects 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. Since a changing ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Kronos Worldwide, Inc.'s (KRO) shares hit a fresh 52-week high of $14.28 on May 28, before retracing to close the session at $14.17. The stock has rallied 63.1% over a year, outperforming its industry's 3.3% rise. It has also topped the S&P 500's roughly 26.1% rise over the same period. Image Source: Zacks Investment Research Let's take a look into the factors that are driving this Zacks Rank #3 (Hold) stock. What's Going in KRO's Favor? Better-than-expected earnings performance in the first quarter of 2024 ...