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Kirby (KEX) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2023, Kirby (KEX - Free Report) reported revenue of $777.25 million, up 11.4% over the same period last year. EPS came in at $0.95, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of -0.21% over the Zacks Consensus Estimate of $778.85 million. With the consensus EPS estimate being $0.83, the EPS surprise was +14.46%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $350.29 million versus the two-analyst average estimate of $331.17 million. The reported number represents a year-over-year change of +19.8%.
Revenues- Marine transportation: $426.96 million versus the two-analyst average estimate of $447.63 million. The reported number represents a year-over-year change of +5.3%.
Operating income- Distribution and services: $29.84 million versus the two-analyst average estimate of $27.11 million.
Operating income- Marine transportation: $64.25 million compared to the $55.70 million average estimate based on two analysts.
Shares of Kirby have returned +4.8% over the past month versus the Zacks S&P 500 composite's +5.6% 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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Kirby (KEX) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, Kirby (KEX - Free Report) reported revenue of $777.25 million, up 11.4% over the same period last year. EPS came in at $0.95, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of -0.21% over the Zacks Consensus Estimate of $778.85 million. With the consensus EPS estimate being $0.83, the EPS surprise was +14.46%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $350.29 million versus the two-analyst average estimate of $331.17 million. The reported number represents a year-over-year change of +19.8%.
- Revenues- Marine transportation: $426.96 million versus the two-analyst average estimate of $447.63 million. The reported number represents a year-over-year change of +5.3%.
- Operating income- Distribution and services: $29.84 million versus the two-analyst average estimate of $27.11 million.
- Operating income- Marine transportation: $64.25 million compared to the $55.70 million average estimate based on two analysts.
View all Key Company Metrics for Kirby here>>>Shares of Kirby have returned +4.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.