World Kinect's stock price plummeted 8.05% during intraday trading on Friday, following the release of weaker-than-expected fourth quarter financial results.
The sharp decline came after the company reported adjusted earnings of 30 cents per share for the quarter ended December 31, significantly missing analyst expectations of 47 cents per share. Revenue also fell 7.5% to $9.03 billion from a year ago, below the $9.41 billion consensus estimate. The company reported a quarterly loss of $279.7 million, further disappointing investors who had seen the stock rise 13.5% during the quarter.
Adding to the negative sentiment, Morgan Stanley analyst Robert Kad maintained a Sell rating on World Kinect with a price target of $27.00, citing the weaker fourth quarter results and below-consensus earnings outlook for 2026.