Knife River (KNF) Reports Next Week: Wall Street Expects Earnings Growth

Company Overview - Knife River (KNF) is expected to report a year-over-year increase in earnings, with a projected EPS of $2.82, reflecting a +9.3% change, and revenues of $1.13 billion, which is a 4% increase from the previous year [3] Earnings Expectations - The upcoming earnings report is anticipated to be released on November 4, and the stock price may rise if the actual results exceed expectations, while a miss could lead to a decline [2][3] - The consensus EPS estimate has been revised down by 19.44% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that Knife River has a negative Earnings ESP of -0.53%, suggesting that the Most Accurate Estimate is lower than the Zacks Consensus Estimate [10] - Despite the negative Earnings ESP, the company holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [10] Historical Performance - In the last reported quarter, Knife River exceeded the expected EPS of $1.18 by delivering $1.37, resulting in a surprise of +16.10% [11] - Over the past four quarters, the company has beaten consensus EPS estimates three times [12] Industry Context - Otis Worldwide (OTIS), a peer in the Zacks Building Products - Miscellaneous industry, is expected to report an EPS of $0.97, reflecting a +2.1% year-over-year change, with revenues projected at $3.59 billion, up 2% from the previous year [16]