Kinetik Holdings KNTK is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Kinetik Holdings will report an earnings per share (EPS) of $0.45.
The announcement from Kinetik Holdings is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings History Snapshot
During the last quarter, the company reported an EPS beat by $0.06, leading to a 2.83% increase in the share price on the subsequent day.
Here's a look at Kinetik Holdings's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.43 | 0.47 | 0.60 |
| EPS Actual | 0.54 | 0.12 | 1.70 | 0.21 |
| Price Change % | 3.0% | -1.0% | 5.0% | -4.0% |
Performance of Kinetik Holdings Shares
Shares of Kinetik Holdings were trading at $48.74 as of November 04. Over the last 52-week period, shares are up 41.29%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Kinetik Holdings visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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