Kirby (KEX) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this barge operator reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Kirby (KEX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Kirby is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 Nevada 74-1884980 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 55 Waugh Drive, Suite ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Kirby Corporation’s (KEX) shareholder-friendly efforts and consistent earnings surprise history bolster investor confidence. Additionally, its strong cash flow generation signals promising prospects for the company. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s take a look at the factors that make the stock a strong investment pick at the moment.Robust Price Performance: A glimpse of the company’s price trend reveals that its shares have surged 51.1% in a year ...

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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Kirby Corporation (KEX) reported first-quarter 2024 earnings of $1.19 per share, which beat the Zacks Consensus Estimate of 97 cents and improved 75% year over year. Total revenues of $808 million surpassed the Zacks Consensus Estimate of $784.4 million and improved 7.6% year over year.Total costs and expenses (on a reported basis) grew 2.5% year over year to $706.49million.Segmental PerformanceThe company operates via two segments, namely, marine transportation, and distribution and services.Revenues in th ...

Have you been paying attention to shares of Kirby (KEX) ? Shares have been on the move with the stock up 17.7% over the past month. The stock hit a new 52-week high of $114.35 in the previous session. Kirby has gained 42.9% since the start of the year compared to the -0.4% move for the Zacks Transportation sector and the 5.9% return for the Zacks Transportation - Shipping industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...