Kinder Morgan Q3 EPS $0.25 Misses $0.26 Estimate, Sales $3.91B Miss $4.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan (NYSE:KMI) reported Q3 earnings of $0.25 per share, missing the analyst consensus estimate of $0.26 by 3.85%. The company's quarterly sales were $3.91 billion, missing the analyst consensus estimate of $4.25 billion by 8.14%. This represents a 24.53% decrease over sales of $5.18 billion in the same period last year.
October 18, 2023 | 8:08 pm
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NEGATIVE IMPACT
Kinder Morgan's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Kinder Morgan's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially leading to a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100