Kirby Corporation (NYSE:KEX) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.36 per share.
Looking ahead, the full year income are expected at $ 1.84 per share on the revenues of $ 2305.85 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.60 ~ $ 3.40 per share
Click Here For More Historical Outlooks Of Kirby Corporation
Previous Quarter Performance
Kirby Corporation came out with income for the second quarter of $ 0.42 per share, from the revenue of $ 541.16 million. The quarterly earnings contracted 46.84 percent compared with the same quarter last year. According to street consensus, KEX was expected to report 2Q20 income of $ 0.45 per share from revenue of $ 589.36 million. The bottom line results missed street analysts by $ 0.03 or 6.67 percent, at the same time, top line results fell short of analysts by $ 48.2 million or 8.18 percent.
Stock Performance
Shares of Kirby Corporation traded low $ -1.03 or -2.76 percent on Wednesday, reaching $ 36.32 with volume of 541.70 thousand shares. Kirby Corporation has traded high as $ 36.75 and has cracked $ 35.90 on the downward trend
According to the previous trading day, closing price of $ 36.32, representing a 14.01 % increase from the 52 week low of $ 32.76 and a 59.53 % decrease over the 52 week high of $ 92.30.
The company has a market capital of $ 2.18 billion and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Kirby Corporation will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kirbycorp.com
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. This segment also transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade.
