Recap: Kinder Morgan Q4 Earnings
Portfolio Pulse from Benzinga Insights
Kinder Morgan (NYSE:KMI) reported Q4 earnings with an EPS of $0.28, missing estimates by 6.67% against the expected $0.3. Revenue also declined by $541 million compared to the same period last year. Historically, a miss in EPS last quarter resulted in a 0.76% share price drop the following day. The company's past earnings performance shows mixed results with both hits and misses in previous quarters.
January 17, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kinder Morgan reported lower-than-expected Q4 earnings and a significant drop in revenue. Historical data suggests a potential negative impact on the stock price following an earnings miss.
Given the earnings miss and historical price reaction to past earnings misses, there is a likelihood of a negative short-term impact on KMI's stock price. However, market conditions and investor sentiment can also influence the stock's movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100