WKC Earnings Prediction
The chart below shows how WKC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WKC sees a -2.02% change in stock price 10 days leading up to the earnings, and a -2.96% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
WKC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.49B
-14.33%
-4.33%
Gross Margin
2.56%
11.30%
14.29%
Operating Margin
0.70%
16.67%
42.86%
Net Margin
0.33%
13.79%
-65.98%
EPS
0.57
-1.72%
-68.33%
No Data Available
WKC Earnings Analysis
World Kinect Corporation Corporation (WKC.N) Earnings Conference Call
Positive
Land Segment Recovery: Our Land segment rebounded from the second quarter as expected, highlighting our progress towards more predictable financial results.
Operational Efficiency Commitment: Our overall business performed in line with the guidance provided last quarter, demonstrating our commitment to operational efficiency.
Gross Profit Increase: Marine generated an 8% year-over-year increase in gross profit, showcasing strong performance in our core commercial business activities.
Marine Operating Margin Improvement: Marine operating margin improved by 450 basis points, demonstrating the power of the platform to create operating leverage.
Share Repurchase Commitment: We repurchased an additional $28 million of shares, increasing total year-to-date repurchases to $57 million, reflecting our commitment to returning capital to shareholders.
Negative
Volume and Profit Decline: Total volume of $4.4 billion was down slightly year-over-year, and consolidated gross profit declined 5% from last year's third quarter to $268 million.
Segment Profit Decline: The year-over-year decline was primarily due to lower gross profit in our Land segment, partially offset by higher gross profit in both Aviation and Marine.
Aviation Volume Decline: Our aviation volume was down approximately 16 million gallons, or just about 1% year-over-year.
Land Business Volume Decline: In the Land business, volumes decreased 3% year-over-year, primarily driven by decreases in our North American wholesale and retail business activities, offset in part by increased natural gas and power volume.
Negative Operating Cash Flow: Operating cash flow was actually negative $39 million.
WKC FAQs
How does WKC typically perform around its earnings report dates?
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WKC Earning Call Sentiment
World Kinect Corporation (WKC) Q3 2024 Earnings Call Transcript
WKC.N
-1.37%Positive
The earnings call presents mixed signals. Financial performance shows a decline in total volume and cash flow, but a positive in shareholder returns with increased share repurchase authorization. The Q&A section highlights operational challenges and competitive pressures, with some optimism about future opportunities and strategic moves. The market strategy and shareholder return plan are slightly positive, but concerns about cash flow and competitive pressures balance out the sentiment. Given the small-cap nature of the company, a neutral stock price movement is expected over the next two weeks.
