Kinetik Holdings Inc expected to post earnings of 44 cents a share - Earnings Preview

Kinetik Holdings

07/05/2024 03:06

* Kinetik Holdings Inc  KNTK.N   KNTK.K  is expected to show
a
fall in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
1.3% decrease in revenue to $277.518 million from $281.04
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Kinetik Holdings Inc is
for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kinetik
Holdings
Inc is $40.50​, above​ its last closing price of $38.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.35        0.58       1.70      Beat    261.1
 Jan. 1 0001   0.56        0.58       0.21      Missed  -63.9
 Jan. 1 0001   0.54        0.50       0.41      Missed  -18.4​
 Mar. 31 2023  0.33        0.49       -0.06     Missed  -112.2
 ​​Dec.        0.67        0.66       0.25      Missed  -62.1
 31 2022                                                
 Sep. 30 2022  0.56        0.62       1.04      Beat    67.2​
 Jan. 1 0001   0.69                   0.06              -91.3
 Jan. 1 0001   0.62                   0.56              -20.4
 This summary was machine generated May 7 at 02:05 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)