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Kronos Worldwide (KRO) Gains But Lags Market: What You Should Know
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In the latest trading session, Kronos Worldwide (KRO - Free Report) closed at $15.87, marking a +0.13% move from the previous day. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.44%.
Prior to today's trading, shares of the maker of titanium dioxide pigments had gained 7.6% over the past month. This has lagged the Basic Materials sector's gain of 9.15% and outpaced the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from Kronos Worldwide as it approaches its next earnings report date. In that report, analysts expect Kronos Worldwide to post earnings of $0.28 per share. This would mark year-over-year growth of 64.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $504.02 million, up 8.39% from the year-ago period.
KRO's full-year Zacks Consensus Estimates are calling for earnings of $1.28 per share and revenue of $2.11 billion. These results would represent year-over-year changes of +30.61% and +8.98%, respectively.
It is also important to note the recent changes to analyst estimates for Kronos Worldwide. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.4% higher within the past month. Kronos Worldwide is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Kronos Worldwide has a Forward P/E ratio of 12.38 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.38.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KRO in the coming trading sessions, be sure to utilize Zacks.com.
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Kronos Worldwide (KRO) Gains But Lags Market: What You Should Know
In the latest trading session, Kronos Worldwide (KRO - Free Report) closed at $15.87, marking a +0.13% move from the previous day. This change lagged the S&P 500's 1.23% gain on the day. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.44%.
Prior to today's trading, shares of the maker of titanium dioxide pigments had gained 7.6% over the past month. This has lagged the Basic Materials sector's gain of 9.15% and outpaced the S&P 500's gain of 4.69% in that time.
Wall Street will be looking for positivity from Kronos Worldwide as it approaches its next earnings report date. In that report, analysts expect Kronos Worldwide to post earnings of $0.28 per share. This would mark year-over-year growth of 64.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $504.02 million, up 8.39% from the year-ago period.
KRO's full-year Zacks Consensus Estimates are calling for earnings of $1.28 per share and revenue of $2.11 billion. These results would represent year-over-year changes of +30.61% and +8.98%, respectively.
It is also important to note the recent changes to analyst estimates for Kronos Worldwide. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.4% higher within the past month. Kronos Worldwide is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Kronos Worldwide has a Forward P/E ratio of 12.38 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.38.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KRO in the coming trading sessions, be sure to utilize Zacks.com.