Ultime notizie per Kirby (NYSE:KEX) Azioni

Kirby

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

Kirby Corp

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Shares of companies within the broader industrial sector are trading higher after Donald Trump won the 2024 presidential election.

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 14.47% since its last report. The company recently reported that it has 928 thousand shares sold short, which is 1.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730834122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 3.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Kirby?

Kirby shares are trading lower. The company reported Q3 financial results.

Earnings

Earnings Beats

News

Kirby Q3 2024 GAAP EPS $1.55 Beats $1.47 Estimate, Sales $831.100M Beat $827.020M Estimate

A substantial insider activity was disclosed on September 19, as ONeil, President and COO at Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>), reported the exercise of a large sell of company stock options.
What Happened: ONeil, President and COO at Kirby, exercised stock options for 10,698 shares of KEX stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056047/000095017024108012//Archives/edgar/data/56047/000095017024108012/0000950170-24-108012-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The exercise price of the options was $75.5 per share.
The Friday morning market activity shows Kirby shares down by 0.79%, trading at $126.02. This implies a total value of $540,462 for ONeil's 10,698 shares.
<h3>Get to Know Kirby Better</h3>
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
<h3>A Deep Dive into Kirby's Financials</h3>
Revenue Growth: Kirby displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 6.07%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 25.56%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kirby's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.44.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.38.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 26.97 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.35 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Kirby's EV/EBITDA ratio stands at 13.25, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Unmasking the Significance of Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056047">Check Out The Full List Of Kirby's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Christian ONeil Exercises Options, Realizes $540K

A substantial insider activity was disclosed on September 19, as ONeil, President and COO at Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>), reported the exercise of a large sell of company stock options.
What Happened: ONeil, President and COO at Kirby, made a strategic move by exercising stock options for 10,698 shares of KEX as detailed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000056047/000095017024108012//Archives/edgar/data/56047/000095017024108012/0000950170-24-108012-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $508,796.
As of Thursday morning, Kirby shares are down by 0.0%, with a current price of $123.06. This implies that ONeil's 10,698 shares have a value of $508,796.
<h3>About Kirby</h3>
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
<h3>Unraveling the Financial Story of Kirby</h3>
Revenue Growth: Kirby's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 6.07%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 25.56%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kirby's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.44.
</li>
</ul>
Debt Management: Kirby's debt-to-equity ratio is below the industry average at 0.38, reflecting a lower dependency on debt financing and a more conservative financial approach.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 26.13 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.28 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Kirby's EV/EBITDA ratio of 12.89 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056047">Check Out The Full List Of Kirby's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Unloading: Christian ONeil Sells Options, Realizes $508K

A large exercise of company stock options by David Grzebinski, CEO at Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) was disclosed in a new SEC filing on September 17, as part of an insider exercise.
What Happened: Grzebinski, CEO at Kirby, exercised stock options for 26,358 shares of KEX stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056047/000095017024107374//Archives/edgar/data/56047/000095017024107374/0000950170-24-107374-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The exercise price of the options was $75.5 per share.
Currently, Kirby shares are trading down 0.0%, priced at $122.88 during Wednesday's morning. This values Grzebinski's 26,358 shares at $1,248,842.
<h3>Unveiling the Story Behind Kirby</h3>
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
<h3>A Deep Dive into Kirby's Financials</h3>
Revenue Growth: Over the 3 months period, Kirby showcased positive performance, achieving a revenue growth rate of 6.07% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 25.56%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Kirby's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.44.
</li>
</ul>
Debt Management: Kirby's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.38.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 26.09 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.27 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 12.88 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Navigating the World of Insider Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056047">Check Out The Full List Of Kirby's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

David Grzebinski Exercises Options, Realizes $1.25M

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.14% on an annualized basis producing an average annual return of 9.37%. Currently, Kirby has a market capitalization of $6.68 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $5,961.24 today based on a price of $115.45 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725472810_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $6,000 Today

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 8.39% since its last report. The company recently reported that it has 788 thousand shares sold short, which is 1.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724964315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.3% on an annualized basis producing an average annual return of 9.65%. Currently, Kirby has a market capitalization of $6.85 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,515.86 today based on a price of $118.37 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724697017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Kirby Stock In The Last 20 Years

SkyWest&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) top line is boosted by an uptick in air travel demand. The company&#39;s proactive measures to expand and upgrade its fleet are commendable. Shareholder-friendly actions also bode well for SkyWest. However, high operating expenses are a major headwind.
<h3>Factors Favoring SKYW</h3>
SKYW is being well-served by the increase in flight volume and passenger loads, which is boosting charter revenues. Currently, SkyWest operates 16 aircraft at SkyWest Charter or SWC and anticipates robust expansion in on-demand charters through sports teams and various corporate opportunities, which are expected to boost the company&#39;s top line.
In the second quarter of 2024, pro-rate and charter revenues reached $107 million, reflecting a 6% increase from the first quarter of 2024 and a 30% rise from the second quarter of 2023, driven by higher flight volume and passenger loads.
SkyWest&#39;s fleet modernization and expansion efforts are commendable. In the second quarter of 2024, the company launched its first CRJ550 and Delta prorate operation. It received eight of the 20 United Finance E175s during the quarter and plans to continue enhancing its partnerships and increasing its regional market share.
By the end of 2026, management expects its E175 fleet to reach 278 aircraft, solidifying SkyWest as the largest Embraer operator in the world.
SKYW&#39;s commitment to rewarding its shareholders through share repurchase is noteworthy. Under the previously announced share repurchase program authorized by SkyWest&#39;s board of directors in May 2023, the company repurchased 177,000 shares of common stock for $13.3 million during the second quarter of 2024 at an average price per share of $75.23. As of Jun 30, 2024, SkyWest had $69 million of remaining availability under its current share repurchase program.
Shares of SKYW have surged 77.2% in the past year compared with its industry&#39;s growth of 15.2% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/74300.jpg?v=654559250" />
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
SkyWest&#39;s financial stability is challenged by its increasing operating expenses and weak liquidity. In the second quarter of 2024, operating expenses surged by 8% year over year to $747 million. This increase in operating expenses was primarily driven by the 12% rise in block hour production year over year.
Maintenance expenses, accounting for 25% of the total operating expenses, rose by 12.8% year over year. For the second half of 2024, the company anticipates a $40 million increase in maintenance expenses compared to the first half of 2024 and, on average, $200 million a quarter during 2025. The labor costs comprising salaries and benefits were up by 9% year over year.
SkyWest exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.84. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
Zacks Rank
SKYW currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).
CHRW has an expected earnings growth rate of 27.4% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 3.9% in the past year.
KEX holds a Zacks Rank #2 (Buy) at present andhas an expected earnings growth rate of 40% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 8.7%. Shares of Kirby have climbed 44.7% in the past year.
<a href="https://www.zacks.com/stock/news/2321890/here-s-why-you-should-retain-skywest-skyw-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2321890">To read this article on Zacks.com click here.</a>

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CHRW

Here's Why You Should Retain SkyWest Stock Now

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.59% on an annualized basis producing an average annual return of 9.81%. Currently, Kirby has a market capitalization of $6.80 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,646.64 today based on a price of $116.67 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723487436_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kirby (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) reported $824.39 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.1%. EPS of $1.43 for the same period compares to $0.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $821.73 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $1.32.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Kirby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>
<h2>Revenues- Distribution and services</h2>
	: $339.58 million versus the two-analyst average estimate of $352.69 million. The reported number represents a year-over-year change of -3.1%.</li>
<li>
<h2>Revenues- Marine transportation</h2>
	: $484.81 million compared to the $469.09 million average estimate based on two analysts. The reported number represents a change of +13.6% year over year.</li>
<li>
<h2>Operating income- Marine transportation</h2>
	: $94.88 million versus the two-analyst average estimate of $87.50 million.</li>
<li>
<h2>Operating income- General corporate expenses</h2>
	: -$4.33 million versus the two-analyst average estimate of -$3.83 million.</li>
<li>
<h2>Operating income- Distribution and services</h2>
	: $29.44 million compared to the $26.59 million average estimate based on two analysts.</li>
</ul>
Shares of Kirby have returned +1.1% over the past month versus the Zacks S&amp;P 500 composite&#39;s +1.1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2314424/kirby-kex-q2-earnings-how-key-metrics-compare-to-wall-street-estimates?cid=CS-BENZ-FT-fundamental_analysis|nfm-2314424">To read this article on Zacks.com click here.</a>

Kirby Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Kirby shares are trading lower. The company reported Q2 financial results.

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.32 by 8.33 percent. The company reported quarterly sales of $824.390 million which beat the analyst consensus estimate of $822.178 million by 0.27 percent. This is a 6.07 percent increase over sales of $777.248 million the same period last year.

Kirby Q2 2024 GAAP EPS $1.43 Beats $1.32 Estimate, Sales $824.390M Beat $822.178M Estimate

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.33% on an annualized basis producing an average annual return of 9.72%. Currently, Kirby has a market capitalization of $6.96 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,280.08 today based on a price of $119.44 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722267053_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $138 to $141.

Price Target

B of A Securities Maintains Buy on Kirby, Raises Price Target to $141

Union Pacific Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unp#NYSE">UNP</a>) is scheduled to report&nbsp;second-quarter 2024&nbsp;results on Jul 25 before market open.
Union Pacific has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.34%.
<div class="chart_embed">
<h3>Union Pacific Corporation Price and EPS Surprise</h3>
<img alt="Union Pacific Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f6/1721294384.png" style="height:266px; width:544px" title="" />
Union Pacific Corporation price-eps-surprise | Union Pacific Corporation Quote
</div>
The Zacks Consensus Estimate for UNP&#39;s soon-to-be reported quarter&#39;s earnings has been revised downward by 1.81% in the past 60 days to $2.71 per share. The Zacks Consensus Estimate for revenues is pegged at $6.07 billion, which indicates growth of 1.8% from the year-ago levels.
The company is grappling with a freight market downturn.Below-par freight rates are hurting Union Pacific&#39;s prospects.
Our estimate for freight revenues is pegged at $5.7 billion, which is roughly flat compared with the first-quarter 2024 actuals. Meanwhile, estimates for other revenues are pegged at $364 million, which implies a 12.3% decrease from the first-quarter 2024 reported figure.
To mitigate the revenue decline from the freight downturn, Union Pacific focuses on cost-cutting measures to improve its bottom line in the to be reported period. Our June quarter estimate for adjusted operating expenses indicates a 1.5% decline from the second-quarter 2023 actuals.
<h3>What Our Model Says</h3>
Our proven model does not conclusively predict an earnings beat for Union Pacific this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
UNP has an Earnings ESP of -0.49% and a Zacks Rank #3 at present.
<h3>Highlights of Q1</h3>
Union Pacific&#39;s first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results were aided by strong operational efficiency and favorable pricing.
Operating revenues of $6.03 billion marginally beat the Zacks Consensus Estimate of $6 billion. The top line declined 0.41% on a year-over-year basis. Freight revenues, accounting for 93.2% of the top line, decreased 1% to $5.62 billion.Total operating expenses of $3.66 billion declined 3% year over year.
<h3>Stocks to Consider</h3>
Here are a few stocks from the broader Zacks&nbsp;Transportation&nbsp;sector that investors might want to consider as our model shows that these have the right combination of elements to beat second-quarter 2024 earnings.
Allegiant (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>) has an Earnings ESP of +4.11% and a Zacks Rank #3. The company is scheduled to report second-quarter 2024 earnings on Jul 31.
ALGT surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once. The average beat is 29.3%.
Kirby&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) has an Earnings ESP of +7.58% and a Zacks Rank #2.
KEX is scheduled to report second-quarter 2024 earnings on Aug 1.
KEX has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 10.3%.
<a href="https://www.zacks.com/stock/news/2304159/what-s-in-the-offing-for-union-pacific-unp-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2304159">To read this article on Zacks.com click here.</a>

Small Cap

What's in the Offing for Union Pacific in Q2 Earnings?

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for &#39;earnings whispers&#39; or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn&#39;t make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company&#39;s report. The idea is relatively intuitive as a newer projection might be based on more complete information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Copa Holdings?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Copa Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $3.07 a share 28 days away from its upcoming earnings release on August 7, 2024.
Copa Holdings&#39; Earnings ESP sits at +3.01%, which, as explained above, is calculated by taking the percentage difference between the $3.07 Most Accurate Estimate and the Zacks Consensus Estimate of $2.98. CPA is also part of a large group of stocks that boast a positive ESP.
CPA is part of a big group of Transportation stocks that boast a positive ESP, and investors may want to take a look at Kirby (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) as well.
Kirby is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on August 1, 2024. KEX&#39;s Most Accurate Estimate sits at $1.42 a share 22 days from its next earnings release.
For Kirby, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.32 is +7.58%.
CPA and KEX&#39;s positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
<a href="https://www.zacks.com/stock/news/2299069/why-investors-need-to-take-advantage-of-these-2-transportation-stocks-now?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_earnings_esp-2299069">To read this article on Zacks.com click here.</a>

Why Investors Need to Take Advantage of These 2 Transportation Stocks Now

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 5.29% since its last report. The company recently reported that it has 922 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720629911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 2.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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