Kronos Worldwide (KRO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
KRO gains on healthy long-term TiO2 demand, higher sales volumes, and cost and pricing actions that could strengthen margins and support future growth.
The heavy selling pressure might have exhausted for Kronos Worldwide (KRO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Kronos Worldwide (KRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Kronos Worldwide (KRO) and Air Products and Chemicals (APD) have performed compared to their sector so far this year.
Kronos Worldwide (KRO) reported earnings 30 days ago. What's next for the stock?
Kronos beats Q1 earnings estimates as cost actions narrow losses, though weaker pricing and lower production pressure profits and sales miss.
Kronos Worldwide (KRO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to earnings of $0.16 per share a year ago.
Kronos Worldwide (KRO) reported earnings 30 days ago. What's next for the stock?
KRO reports a wider Q4 loss as weak demand and lower TiO2 prices weigh on results, though sales beat estimates on stronger European volumes and higher shipments.
KRO posts a wider-than-expected Q3 loss as lower TiO2 prices and weak demand hit sales, with volumes under pressure.
KRO posts Q2 loss as weaker TiO2 prices, soft export demand and lower sales volumes weigh on results.