KRonos Worldwide (KRO) closed at $16.35 last trading session, marking a -1.15% move from the previous day. That move was narrower than the S&P 500’s 1.48% daily loss. At the same time, the Dow lost 1.05% and the tech-heavy Nasdaq lost 0.09%.
Today, shares of the titanium dioxide pigment maker had gained 4.35% over the past month. Meanwhile, the basic materials sector gained 4.84%, while the S&P 500 gained 0.08%.
Kronos Worldwide will look to show strength as its next earnings release approaches. In this report, analysts expect Kronos Worldwide to post earnings of $0.28 per share. This would mark a year-over-year growth of 64.71%. Our most recent consensus estimate calls for quarterly revenue of $504.02 million, up 8.39% from the prior year period.
Looking to the full year, our Zacks consensus estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $2.11 billion. These totals would mark changes of +30.61% and +8.98%, respectively, from last year.
It’s also important to note recent changes to analyst estimates for Kronos Worldwide. These revisions help show the ever-changing nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Zacks Consensus’ EPS estimate rose 2.4% over the past month. Kronos Worldwide currently holds a Zacks rating of #2 (buy).
Digging into the valuation, Kronos Worldwide currently has a Forward P/E ratio of 12.92. Its industry sports an average Forward P/E of 12.16, so we can conclude that Kronos Worldwide is trading at a premium comparatively.
The chemical industry – diversified is part of the basic materials sector. This industry currently has a Zacks Industry Rank of 180, which places it in the bottom 29% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.