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Here's What Key Metrics Tell Us About Kirby (KEX) Q3 Earnings
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For the quarter ended September 2023, Kirby (KEX - Free Report) reported revenue of $764.77 million, up 2.5% over the same period last year. EPS came in at $1.05, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $794.6 million, representing a surprise of -3.75%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $1.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kirby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Distribution and services: $334.89 million versus the two-analyst average estimate of $342.21 million. The reported number represents a year-over-year change of +7.1%.
Revenues- Marine transportation: $429.89 million versus $452.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
Operating income- Distribution and services: $33.19 million compared to the $28.75 million average estimate based on two analysts.
Operating income- Marine transportation: $63.47 million compared to the $70.68 million average estimate based on two analysts.
Shares of Kirby have returned -4.9% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Kirby (KEX) Q3 Earnings
For the quarter ended September 2023, Kirby (KEX - Free Report) reported revenue of $764.77 million, up 2.5% over the same period last year. EPS came in at $1.05, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $794.6 million, representing a surprise of -3.75%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $1.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kirby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Distribution and services: $334.89 million versus the two-analyst average estimate of $342.21 million. The reported number represents a year-over-year change of +7.1%.
- Revenues- Marine transportation: $429.89 million versus $452.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Operating income- Distribution and services: $33.19 million compared to the $28.75 million average estimate based on two analysts.
- Operating income- Marine transportation: $63.47 million compared to the $70.68 million average estimate based on two analysts.
View all Key Company Metrics for Kirby here>>>Shares of Kirby have returned -4.9% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.