What To Expect From World Kinect’s (WKC) Q1 Earnings

Energy management company World Kinect (NYSE:WKC) will be reporting results this Thursday after the bell. Here’s what to expect.

World Kinect missed analysts’ revenue expectations last quarter, reporting revenues of $9.03 billion, down 7.5% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates. It reported 4,241 production volumes, down 5.2% year on year.

Is World Kinect a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting World Kinect’s revenue to decline 7.2% year on year, improving from the 13.7% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at World Kinect’s peers in the upstream & integrated segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Halliburton posted flat year-on-year revenue, beating analysts’ expectations by 1.9%, and Range Resources reported revenues up 20.6%, topping estimates by 6.3%.

Read our full analysis of Halliburton’s results here and Range Resources’s results here.

Investors in the upstream & integrated segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. World Kinect is up 3.4% during the same time and is heading into earnings with an average analyst price target of $27.33 (compared to the current share price of $23.66).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.