Core Insights - World Kinect (WKC) is expected to report quarterly earnings of $0.55 per share, reflecting a 1.9% increase year-over-year, while revenues are forecasted to decline by 12% to $10.56 billion [1] - The consensus EPS estimate has been revised upward by 13.8% in the last 30 days, indicating a reassessment by analysts [2] - Analysts emphasize the importance of earnings estimate revisions in predicting investor reactions and stock price performance [3] Revenue Estimates - Revenue from Aviation is projected to be $4.89 billion, down 16.8% from the previous year [5] - Revenue from Land is expected to reach $3.25 billion, reflecting an 11.4% decrease year-over-year [5] - Revenue from Marine is forecasted at $2.11 billion, indicating a 13.9% decline compared to the same quarter last year [5] Volume Estimates - The consensus estimate for Aviation volume is 1,858.18 million gallons, up from 1,784 million gallons year-over-year [6] - Land volume is expected to be 1,537.39 million gallons, down from 1,619.3 million gallons in the previous year [6] - Marine volume is projected at 1,054.66 million gallons, a decrease from 1,129.7 million gallons reported last year [6] Income Estimates - Estimated income from operations for Aviation is $60.70 million, slightly up from $58.10 million in the same quarter last year [7] - Projected income from operations for Marine is $18.08 million, down from $19.30 million year-over-year [7] Stock Performance - World Kinect shares have decreased by 2.6% over the past month, contrasting with a 4.7% increase in the Zacks S&P 500 composite [8] - With a Zacks Rank of 2 (Buy), WKC is anticipated to outperform the overall market in the near term [8]

Core Insights - The article compares World Kinect (WKC) and Ormat Technologies (ORA) to determine which stock is more attractive to value investors [1][3] Valuation Metrics - WKC has a forward P/E ratio of 11.16, while ORA has a forward P/E of 29.71, indicating WKC is potentially undervalued [5] - WKC's PEG ratio is 0.92, suggesting a favorable valuation relative to its expected earnings growth, whereas ORA's PEG ratio is 2.97 [5] - WKC has a P/B ratio of 0.80, compared to ORA's P/B of 1.53, further supporting WKC's valuation attractiveness [6] Earnings Outlook - WKC is noted for having an improving earnings outlook, which enhances its appeal in the Zacks Rank model [7]

Core Insights - The article compares World Kinect (WKC) and TC Energy (TRP) to determine which stock offers better value for investors [1] - A strong Zacks Rank combined with a good Value grade is highlighted as an effective strategy for identifying value stocks [2] Valuation Metrics - WKC has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while TRP has a Zacks Rank of 3 (Hold) [3] - WKC's forward P/E ratio is 11.53, significantly lower than TRP's forward P/E of 17.95 [5] - WKC's PEG ratio is 0.95, compared to TRP's PEG ratio of 4.49, suggesting WKC is more favorably valued in terms of expected earnings growth [5] - WKC's P/B ratio is 0.81, while TRP's P/B ratio is 1.77, indicating WKC is undervalued relative to its book value [6] - These metrics contribute to WKC receiving a Value grade of A, whereas TRP has a Value grade of C [6] Conclusion - WKC exhibits stronger estimate revision activity and more attractive valuation metrics than TRP, making it the preferred choice for value investors at this time [7]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach may involve investing in bargain stocks that have recently shown price momentum [2] Group 2: World Kinect (WKC) Stock Analysis - World Kinect (WKC) has a four-week price change of 3.8%, indicating growing investor interest [3] - WKC gained 6.8% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.28, suggesting it moves 28% higher than the market in either direction [4] Group 3: Valuation and Earnings Estimates - WKC has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - WKC is trading at a Price-to-Sales ratio of 0.04, meaning investors pay only 4 cents for each dollar of sales, indicating a reasonable valuation [6] Group 4: Additional Investment Opportunities - Besides WKC, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens to help identify potential winning stock picks based on various investing styles [8]

World Kinect (WKC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong 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.Individual investors of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 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 ___________ | --- | --- | --- | |-------------------------------------------------------|----------------------------------------------------- ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q3 2024 Earnings Call | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Disclaimer and Cautionary Note Regarding Forward-Looking Statements Certain statements, including comments about World Kine ...

Financial Data and Key Metrics Changes - Total volume decreased slightly year-over-year to $4.4 billion, with consolidated gross profit declining 5% to $268 million, primarily due to lower gross profit in the Land segment [12][11] - Operating cash flow was negative $39 million, attributed to increased capital requirements associated with seasonal business activity [19] - Interest expense decreased by 16% year-over-year to $24 million, with expectations for further decline in the fourth quarter [18] Business Line Data and Key Metrics Changes - Aviation segment gross profit increased by 3% year-over-year to $3 million, despite a 1% decrease in volume [13] - Marine business generated an 8% year-over-year increase in gross profit, with operating margin improving by 450 basis points [7] - Land segment volumes decreased by 3% year-over-year, with a 16% decline in gross profit, although there was a 26% sequential increase in gross profit [14][15] Market Data and Key Metrics Changes - Natural gas and power represented 33% of volume in Q3, flat with Q2 and up from 31% in Q3 2023 [14] - The North American fuel business showed improvement, contributing to better outcomes compared to the previous quarter [28] Company Strategy and Development Direction - The company is focused on implementing a more leverageable business model and capital allocation strategy that prioritizes predictable returns [5] - There is a clear path to improving operating efficiency and margins in the Land business through consolidation and standardization [9] - The company aims to achieve medium-term operating margin targets by refining and optimizing its portfolio of activities [15][21] Management's Comments on Operating Environment and Future Outlook - Management noted that while some market headwinds persisted, the Land segment rebounded significantly from the previous quarter [4] - The company remains optimistic about improving Land results in the fourth quarter and beyond, with expectations for year-over-year gross profit to be flat to slightly up [15] - Management emphasized the importance of the aviation segment in decarbonizing the industry and highlighted the strategic significance of sustainable aviation fuel (SAF) [35][38] Other Important Information - The company repurchased $28 million of shares in the third quarter, increasing total year-to-date repurchases to $57 million [19] - The company announced a $200 million increase to its share repurchase authorization [19] Q&A Session Summary Question: Are there other pieces of the business that could be monetized like Avinode? - Management indicated that while Avinode was an outlier, there are opportunities to refine other parts of the business and reallocate capital into core activities [23][24] Question: Are there more acquisition opportunities due to the freight recession? - Management noted that there are greater opportunities for inorganic growth as interest rates decline, making more sellers available [25][26] Question: What factors impacted the Land business performance? - Management explained that while some areas improved, challenges in Brazil and specific North American markets continued to affect performance [28] Question: How will the company achieve the 30% operating margin target in Land? - Management highlighted that both market normalization and controllable strategic moves will be crucial in reaching this target [30][31] Question: What was the gross profit contribution from low carbon initiatives in Q3? - Management reported that low carbon initiatives contributed 11% to gross profit in the most recent quarter [34] Question: How is the company positioned in the natural gas market, particularly with data centers? - Management confirmed engagement with data center operators, indicating a growing demand for energy consumption [36]

World Kinect (WKC) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company that services ships, jets and trucks would post earnings of $0.56 per share when it actually produced earnings of $0.48, delivering a surprise of -14.29%.Over the last four quarters, the company has surpassed consensus EPS estimates just on ...

Exhibit 99.1 World Kinect Corporation Reports Third Quarter 2024 Results MIAMI—October 24, 2024—World Kinect Corporation (NYSE: WKC) today reported financial results for the third quarter of 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|--------------------------|--------|--------------------------|-------------------------------------|-------|---------------------------------|-------|---------------------------|------ ...