Kirby Corporation is a prominent marine transportation and diesel engine services company that operates in the inland and offshore markets
The company primarily focuses on the transportation of bulk commodities through its fleet of tank barges, which facilitate the movement of diverse liquids, including chemicals and petrochemicals, along rivers and coastal waterways. In addition to its transportation services, Kirby also provides engine services and repair solutions for marine and industrial applications, leveraging its expertise in diesel engines to support a variety of industries. With a commitment to safety and operational excellence, Kirby plays a vital role in the logistics and energy sectors, contributing to the efficient movement of critical resources.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Shares of marine transportation service company Kirby (NYSEKEX)
jumped 7.5% in the afternoon session after the company reported decent fourth quarter results. Revenue was in line, and EBITDA beat. EPS missed significantly, but this was due to a one-time impairment charge. Growth was also slowed by seasonal softness in marine transportation and distribution services. Overall, it was a solid quarter when adjusting for these temporary setbacks.
Marine transportation service company Kirby (NYSEKEX) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $802.3 million. Its GAAP profit of $0.74 per share was 43.1% below analysts’ consensus estimates.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
Let’s dig into the relative performance of Scorpio Tankers (NYSESTNG) and its peers as we unravel the now-completed Q3 marine transportation earnings season.
Over the past six months, Kirby’s stock price fell to $107.16. Shareholders have lost 13.4% of their capital, which is disappointing considering the S&P 500 has climbed by 3.8%. This may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Matson (NYSEMATX) and its peers.
Looking back on marine transportation stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Kirby (NYSEKEX) and its peers.
HOUSTON, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSEKEX) will announce its 2024 fourth quarter results at 6:00 a.m. Central Standard Time (“CST”) on Thursday, January 30, 2025. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at marine transportation stocks, starting with Pangaea (NASDAQPANL).
Kirby currently trades at $126.36 per share and has shown little upside over the past six months, posting a middling return of 4.1%. The stock also fell short of the S&P 500’s 13% gain during that period.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Genco (NYSEGNK) and its peers.
