Here’s Why You Should Buy Kronos Worldwide Stock Right Now
Kronos Worldwide, Inc. (NYSE: KRO) is expected to benefit from higher demand for titanium dioxide (TiO2) and easing pricing pressure this year. Cost-reduction initiatives are also expected to support margins.
We are positive about KRO’s prospects and believe that the time is right for you to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s take a look into the factors that make this Zacks Rank #2 (Buy) stock a compelling choice for investors right now.
Kronos Worldwide’s Stock Outperforms Industry
KRO has outperformed the industry it belongs to over the past year. The company’s shares have rallied 32.8% compared with a 9.6% decline of the industry.
Image Source: Zacks Investment Research
Solid Earnings Growth Prospects for KRO
The Zacks Consensus Estimate for earnings for 2024 for Kronos Worldwide is currently pegged at 88 cents, reflecting an expected year-over-year growth of 304.7%. Earnings are also expected to register a 288.9% growth in third-quarter 2024.
KRO’s Earnings Estimates Northbound
Earnings estimates for KRO have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 3.5%. The consensus estimate for the third quarter has also been revised 9.7% upward over the same time …
Full story available on Benzinga.com
