Kinder Morgan Q4 Adj EPS $0.28 Misses $0.30 Estimate, Sales $4.04B Miss $4.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan (NYSE:KMI) reported Q4 adjusted earnings per share (EPS) of $0.28, falling short of the consensus estimate of $0.30 by 6.67%. Year-over-year, this represents a 9.68% decrease from $0.31 per share. Quarterly sales were $4.04 billion, missing the consensus estimate of $4.41 billion by 8.44% and marking an 11.81% decrease from the previous year's $4.58 billion.
January 17, 2024 | 9:06 pm
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NEGATIVE IMPACT
Kinder Morgan's Q4 earnings and sales both missed analyst estimates, with a notable year-over-year decline in performance.
Missing both earnings and revenue estimates typically has a negative impact on investor sentiment and can lead to a short-term decline in stock price. The year-over-year decrease in earnings and sales further emphasizes the company's underperformance, likely exacerbating the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100