Kinder Morgan (NYS: KMI) is expected to report Q2 earnings around July 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Kinder Morgan's revenues will grow 17.5% and EPS will improve 31.6%.
The average estimate for revenue is $2.39 billion. On the bottom line, the average EPS estimate is $0.25.
Last quarter, Kinder Morgan tallied revenue of $1.86 billion. GAAP reported sales were 3.9% lower than the prior-year quarter's $1.93 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.56. GAAP EPS of $0.03 for Q1 were 86% lower than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 52.3%, 880 basis points better than the prior-year quarter. Operating margin was 25.3%, 360 basis points better than the prior-year quarter. Net margin was 1.1%, 690 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.17 billion. The average EPS estimate is $1.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 168 members out of 171 rating the stock outperform, and three members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Kinder Morgan a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan is outperform, with an average price target of $35.80.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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