We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kronos Worldwide (KRO) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Kronos Worldwide (KRO - Free Report) closed the most recent trading day at $15.45, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.19%, and the tech-heavy Nasdaq gained 0.02%.
Heading into today, shares of the maker of titanium dioxide pigments had lost 2.21% over the past month, outpacing the Basic Materials sector's loss of 11.73% and the S&P 500's loss of 8.08% in that time.
Kronos Worldwide will be looking to display strength as it nears its next earnings release. On that day, Kronos Worldwide is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 64.71%. Meanwhile, our latest consensus estimate is calling for revenue of $504.02 million, up 8.39% from the prior-year quarter.
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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Kronos Worldwide currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Kronos Worldwide is currently trading at a Forward P/E ratio of 12.13. This valuation marks a premium compared to its industry's average Forward P/E of 11.25.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kronos Worldwide (KRO) Stock Sinks As Market Gains: What You Should Know
Kronos Worldwide (KRO - Free Report) closed the most recent trading day at $15.45, moving -0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.19%, and the tech-heavy Nasdaq gained 0.02%.
Heading into today, shares of the maker of titanium dioxide pigments had lost 2.21% over the past month, outpacing the Basic Materials sector's loss of 11.73% and the S&P 500's loss of 8.08% in that time.
Kronos Worldwide will be looking to display strength as it nears its next earnings release. On that day, Kronos Worldwide is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 64.71%. Meanwhile, our latest consensus estimate is calling for revenue of $504.02 million, up 8.39% from the prior-year quarter.
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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Kronos Worldwide currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Kronos Worldwide is currently trading at a Forward P/E ratio of 12.13. This valuation marks a premium compared to its industry's average Forward P/E of 11.25.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.