What's Next: Kinder Morgan's Earnings Preview

Kinder Morgan (NYSE:KMI) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.

Analysts estimate that Kinder Morgan will report an earnings per share (EPS) of $0.27.

Investors in Kinder Morgan are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

Last quarter the company missed EPS by $0.01, which was followed by a 2.53% increase in the share price the next day.

Here's a look at Kinder Morgan's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.26

0.34

0.30

0.26

EPS Actual

0.25

0.34

0.28

0.25

Price Change %

3.0%

3.0%

-1.0%

-1.0%

Kinder Morgan Share Price Analysis

Shares of Kinder Morgan were trading at $24.88 as of October 14. Over the last 52-week period, shares are up 44.75%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Kinder Morgan

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Kinder Morgan.

The consensus rating for Kinder Morgan is Neutral, based on 11 analyst ratings. With an average one-year price target of $23.09, there's a potential 7.19% downside.

Analyzing Ratings ...