Company Performance - Knife River reported quarterly earnings of 2.82 per share, representing an earnings surprise of -7.80% [1] - The company posted 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 650 million in revenues, and for the current fiscal year, it is 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]
Knife River (KNF) Lags Q3 Earnings and Revenue Estimates