Kirby is grappling with supply-chain disruptions, which are hurting its prospects. Escalated operating expenses are a major headwind.
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While consistent shareholder-friendly initiatives aid KEX's bottom line, a rise in expenses and a debt-laden balance sheet raise concerns.
Kirby (KEX) reported earnings 30 days ago. What's next for the stock?
Danan Kirby's stock picks are SPHR, OSW, and RCL. He thinks Royal Caribbean has “one of the best itineraries out there.
Kirby Corporation is poised for growth, driven by strong marine business pricing, high barge utilization, and favorable new build economics. The Distribution and Services segment benefits from robust demand in data centers, power generation, and a potential Oil & Gas recovery under the Trump administration. Strong pricing momentum and operating leverage should enhance margins, with the company trading at a discount to historical averages, making it a good buy.
Kirby Corporation is a growth at a reasonable price (GARP) stock, with a 71% price increase over the past year. The company's strong financial performance, effective cost management, and market dominance support a bullish outlook and justify a buy recommendation. KEX's vast fleet and strategic trade routes provide competitive advantages, ensuring consistent business and economies of scale.
KEX's third-quarter 2024 earnings and revenues increase year over year.
Kirby Corporation (NYSE:KEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Kurt Niemietz - Vice President of Investor Relations and Treasurer David Grzebinski - Chief Executive Officer Raj Kumar - Chief Financial Officer Christian O'Neil - President and Chief Operating Officer Conference Call Participants Daniel Imbro - Stephens Inc. Gregory Lewis - BTIG, LLC Benjamin Nolan - Stifel Financial Corp. Greg Wasikowski - Webber Research & Advisory Ken Hoexter - Bank of America Scott Group - Wolfe Research, LLC Operator Good morning, and welcome to the Kirby Corporation 2024 Third Quarter Earnings Conference Call. All participants will be in a listen-only mode.
While the top- and bottom-line numbers for Kirby (KEX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Kirby (KEX) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.05 per share a year ago.