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Ahead of Kinder Morgan (KMI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Kinder Morgan (KMI - Free Report) is expected to reveal quarterly earnings of $0.33 per share, indicating an increase of 13.8% compared to the year-ago period. Analysts forecast revenues of $4.38 billion, representing an increase of 5.7% year over year.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Kinder Morgan metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Realized weighted average oil price' will reach 71 dollars per barrel. The estimate is in contrast to the year-ago figure of 68 dollars per barrel.
It is projected by analysts that the 'Realized weighted average NGL price' will reach 35 dollars per barrel. The estimate compares to the year-ago value of 31 dollars per barrel.
The average prediction of analysts places 'Terminals - Liquids leasable capacity' at N/A. The estimate is in contrast to the year-ago figure of N/A.
Analysts predict that the 'NGL sales volumes - net' will reach 9.80 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 9.03 thousands of barrels of oil per day.
Analysts expect 'Total oil production - net' to come in at 28.20 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 25.04 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'Terminals - Bulk transload tonnage' should come in at 13 millions of ton. Compared to the present estimate, the company reported 12 millions of ton in the same quarter last year.
The consensus estimate for 'Segment EBDA- Natural gas Pipelines' stands at $1.41 billion. Compared to the present estimate, the company reported $1.39 billion in the same quarter last year.
Analysts forecast 'Segment EBDA- Terminals' to reach $284.75 million. The estimate is in contrast to the year-ago figure of $274.00 million.
Based on the collective assessment of analysts, 'Segment EBDA- Products Pipelines' should arrive at $290.54 million. The estimate compares to the year-ago value of $288.00 million.
The collective assessment of analysts points to an estimated 'Segment EBDA- CO2' of $195.07 million. Compared to the present estimate, the company reported $135.00 million in the same quarter last year.
Shares of Kinder Morgan have demonstrated returns of +4.8% over the past month compared to the Zacks S&P 500 composite's +2.4% change. With a Zacks Rank #3 (Hold), KMI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Kinder Morgan (KMI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Kinder Morgan (KMI - Free Report) is expected to reveal quarterly earnings of $0.33 per share, indicating an increase of 13.8% compared to the year-ago period. Analysts forecast revenues of $4.38 billion, representing an increase of 5.7% year over year.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Kinder Morgan metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Realized weighted average oil price' will reach 71 dollars per barrel. The estimate is in contrast to the year-ago figure of 68 dollars per barrel.
It is projected by analysts that the 'Realized weighted average NGL price' will reach 35 dollars per barrel. The estimate compares to the year-ago value of 31 dollars per barrel.
The average prediction of analysts places 'Terminals - Liquids leasable capacity' at N/A. The estimate is in contrast to the year-ago figure of N/A.
Analysts predict that the 'NGL sales volumes - net' will reach 9.80 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 9.03 thousands of barrels of oil per day.
Analysts expect 'Total oil production - net' to come in at 28.20 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 25.04 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'Terminals - Bulk transload tonnage' should come in at 13 millions of ton. Compared to the present estimate, the company reported 12 millions of ton in the same quarter last year.
The consensus estimate for 'Segment EBDA- Natural gas Pipelines' stands at $1.41 billion. Compared to the present estimate, the company reported $1.39 billion in the same quarter last year.
Analysts forecast 'Segment EBDA- Terminals' to reach $284.75 million. The estimate is in contrast to the year-ago figure of $274.00 million.
Based on the collective assessment of analysts, 'Segment EBDA- Products Pipelines' should arrive at $290.54 million. The estimate compares to the year-ago value of $288.00 million.
The collective assessment of analysts points to an estimated 'Segment EBDA- CO2' of $195.07 million. Compared to the present estimate, the company reported $135.00 million in the same quarter last year.
View all Key Company Metrics for Kinder Morgan here>>>Shares of Kinder Morgan have demonstrated returns of +4.8% over the past month compared to the Zacks S&P 500 composite's +2.4% change. With a Zacks Rank #3 (Hold), KMI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .