World Fuel Services Corp (NYSE: INT) has reported earnings for its second fiscal quarter (ending June 30) of $1.81 versus $0.48 for the same period a year ago — an increase of 277%. This result exceeded the consensus estimate of $0.56 by $1.25. For the latest four quarters through June 30, E.P.S. were $2.27 versus $1.88 for the same period a year ago — an increase of 21%.
Recent Price Action
On 7/25/24, World Fuel Services Corp (NYSE: INT) stock increased 1.0%, closing at $26.95. Moreover, unusually high trading volume at 150% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
INT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
World Fuel Services has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. World Fuel Services has a good Power Rating of 78 and a good Appreciation Score of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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