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Here's What Key Metrics Tell Us About Kirby (KEX) Q3 Earnings
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Kirby (KEX - Free Report) reported $831.15 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.7%. EPS of $1.55 for the same period compares to $1.05 a year ago.
The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $828.75 million. With the consensus EPS estimate being $1.47, the EPS surprise was +5.44%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $345.10 million compared to the $345.69 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.
Revenues- Marine transportation: $486.05 million versus the two-analyst average estimate of $483.06 million. The reported number represents a year-over-year change of +13.1%.
Operating income- Marine transportation: $99.48 million versus $98.29 million estimated by two analysts on average.
Operating income- General corporate expenses: -$4.54 million versus the two-analyst average estimate of -$4.27 million.
Operating income- Distribution and services: $30.38 million versus $32.98 million estimated by two analysts on average.
Shares of Kirby have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.8% 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
Kirby (KEX - Free Report) reported $831.15 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.7%. EPS of $1.55 for the same period compares to $1.05 a year ago.
The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $828.75 million. With the consensus EPS estimate being $1.47, the EPS surprise was +5.44%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $345.10 million compared to the $345.69 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.
- Revenues- Marine transportation: $486.05 million versus the two-analyst average estimate of $483.06 million. The reported number represents a year-over-year change of +13.1%.
- Operating income- Marine transportation: $99.48 million versus $98.29 million estimated by two analysts on average.
- Operating income- General corporate expenses: -$4.54 million versus the two-analyst average estimate of -$4.27 million.
- Operating income- Distribution and services: $30.38 million versus $32.98 million estimated by two analysts on average.
View all Key Company Metrics for Kirby here>>>Shares of Kirby have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.