Yahoo Finance The Zacks Rank Explained: How to Find Strong Buy Transportation Stocks
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Kirby (KEX) for Your Portfolio?
Kirby was upgraded to the Zacks Rank #1 list on April 30, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Kirby Corporation is the largest domestic tank barge operator in the United States. The Houston, TX-based company is responsible for transporting bulk liquid products (including petrochemicals, black oil and refined products). The company transports bulk liquid through the Mississippi River System on the Gulf Intracoastal Waterway along all three coasts of the United States, and in Alaska and Hawaii.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.28 to $5.22 per share. KEX boasts an average earnings surprise of 10.3%.
Earnings are forecasted to see growth of 40.3% for the current fiscal year, and sales are expected to increase 5.6%.
Even more impressive, KEX has gained in value over the past four weeks, up 17.1% compared to the S&P 500's gain of 0.2%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Kirby could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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