World Kinect (WKC) Beats Q4 Earnings Estimates

Core Insights - World Kinect (WKC) reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of$ 0.52 per share, and showing an increase from $0.54 per share a year ago, resulting in an earnings surprise of 19.23% [1] - The company posted revenues of$ 9.76 billion for the quarter ended December 2024, which fell short of the Zacks Consensus Estimate by 5.38% and decreased from $12 billion year-over-year [2] - World Kinect has underperformed the market, with shares down about 0.9% since the beginning of the year compared to the S&P 500's gain of 4.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.58 on revenues of $11.24 billion, and for the current fiscal year, it is$ 2.56 on revenues of $46.08 billion [7] - The estimate revisions trend for World Kinect is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Alternative Energy - Other industry, to which World Kinect belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]