Kirby in deep dive after full-year profit warning [Seeking Alpha]
Kirby Corporation (KEX)
Last kirby corporation earnings: 1/30 07:00 am
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US:NYSE Investor Relations:
kirbycorp.com/investor-relations
Company Research
Source: Seeking Alpha
Shares of barge operator Kirby Corp. ( KEX ) sink to their lowest levels in six months after missing Q2 earnings estimates and slashing full-year earnings guidance. KEX says reduced oilfield exploration and production activity has resulted in a "more pronounced than expected" downturn in its distribution and services businesses, a trend the company sees continuing for the rest of the year. As a result, KEX issued downside guidance for FY 2019 earnings, now seeing EPS of $2.80-$3.20, down from prior guidance of $3.25-$3.75 and well below $3.44 analyst consensus. For Q2, KEX says distribution and services revenues fell 13% Y/Y to $366.7M from $424.5M a year earlier amid lower customer demand across the entire portfolio of oil and gas businesses, while marine transportation revenues rose 7% to $404.3M from $378.2M in the prior-year quarter, with average barge utilization in the mid-90% range in the inland market. See all stocks on the move » Now read: GasLog
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KEX
News
- Kirby Co. (NYSE: KEX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Kirby Co. (NYSE: KEX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Here's Why Investors Should Retain Kirby Stock to Their Portfolio [Yahoo! Finance]Yahoo! Finance
- Kirby (KEX) Up 10.1% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Kirby Corporation Announces 2024 Third Quarter ResultsGlobeNewswire
KEX
Earnings
- 10/30/24 - Beat
KEX
Sec Filings
- 11/26/24 - Form 4
- 11/26/24 - Form 144
- 11/22/24 - Form 4
- KEX's page on the SEC website