In its upcoming report, Kinder Morgan (KMI) is predicted by Wall Street analysts to post quarterly earnings of $0.33 per share, reflecting an increase of 13.8% compared to the same period last year. Revenues are forecasted to be $4.38 billion, representing a year-over-year increase of 5.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts’ collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts’ projections for specific key metrics can offer valuable insights.
With that in mind, let’s delve into the average projections of some Kinder Morgan metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts’ assessment points toward ‘Realized weighted average oil price’ reaching 71 dollars per barrel. The estimate is in contrast to the year-ago figure of 68 dollars per barrel.
According to the collective judgment of analysts, ‘Realized weighted average NGL price’ should come in at 35 dollars per barrel. Compared to the current estimate, the company reported 31 dollars per barrel in the same quarter of the previous year.
The consensus estimate for ‘Terminals – Liquids leasable capacity’ stands at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
It is projected by analysts 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 forecast ‘Total oil production – net’ to reach 28.20 thousands of barrels of oil per day. The estimate compares to the year-ago value of 25.04 thousands of barrels of oil per day.
The combined assessment of analysts suggests that ‘Terminals – Bulk transload tonnage’ will likely reach 13 millions of ton. The estimate is in contrast to the year-ago figure of 12 millions of ton.
The collective assessment of analysts points to an estimated ‘Segment EBDA- Natural gas Pipelines’ of $1.41 billion. Compared to the current estimate, the company reported $1.39 billion in the same quarter of the previous year.
Analysts expect ‘Segment EBDA- Terminals’ to come in at $284.75 million. The estimate is in contrast to the year-ago figure of $274.00 million.
Analysts predict that the ‘Segment EBDA- Products Pipelines’ will reach $290.54 million. Compared to the current estimate, the company reported $288.00 million in the same quarter of the previous year.
The consensus among analysts is that ‘Segment EBDA- CO2’ will reach $195.07 million. The estimate is in contrast to the year-ago figure of $135.00 million.
View all Key Company Metrics for Kinder Morgan here>>>
Shares of Kinder Morgan have experienced a change of +5.3% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. 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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This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
