Kronos Worldwide (KRO) saw a significant stock increase of 9.7%, closing at $6.46 in the latest trading session, following a four-week decline of 16.3%. This rise is attributed to optimistic long-term demand for titanium dioxide in North America, Latin America, and export markets, with expectations for cost-reduction strategies to support margins.
The company is anticipated to report a quarterly loss of $0.04 per share, but this marks a 50% improvement year-over-year. Projected revenues for the upcoming quarter stand at $520.34 million, reflecting a 5.3% increase from the same quarter last year. Additionally, the consensus EPS estimate has risen by 6% over the last 30 days, indicating potential further price appreciation.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
