World Kinect Corporation (WKC) saw its stock soar 6.85% in pre-market trading on Friday, as investors reacted positively to the company's fourth-quarter 2024 earnings report and its perceived undervaluation by analysts.
The global energy management company, which offers fulfillment and related services, reported mixed results for the fourth quarter and full year 2024. While specific financials were not disclosed, the earnings release highlighted some key achievements and positive outlook that appear to have resonated with investors.
Additionally, an article by Zacks Investment Research featured World Kinect as one of the stocks with a low price-to-cash-flow ratio, suggesting that it could be trading at a discount to its intrinsic value. The article cited World Kinect's estimated earnings growth of 6.7% for the current fiscal year, further fueling investor interest in the stock.