World Kinect Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

World Kinect (NYSE:WKC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$11.0b (flat on 2Q 2023).
• Net income: US$108.3m (up 262% from 2Q 2023).
• Profit margin: 1.0% (up from 0.3% in 2Q 2023).
• EPS: US$1.81 (up from US$0.48 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

World Kinect EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) exceeded analyst estimates by 110%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for World Kinect you should be aware of.

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