Kinder Morgan Energy Partners (NYSE: KMP ) is expected to report Q2 earnings around July 18. 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 Energy Partners's revenues will expand 6.1% and EPS will grow 66.7%.
The average estimate for revenue is $2.14 billion. On the bottom line, the average EPS estimate is $0.50.
Last quarter, Kinder Morgan Energy Partners reported revenue of $1.85 billion. GAAP reported sales were 3.6% lower than the prior-year quarter's $1.92 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 $0.61. GAAP EPS were -$0.34 for Q1 versus $0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 52.1%, 890 basis points better than the prior-year quarter. Operating margin was 30.6%, 1,090 basis points better than the prior-year quarter. Net margin was 11.1%, 650 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $8.69 billion. The average EPS estimate is $2.32.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,419 members out of 1,469 rating the stock outperform, and 50 members rating it underperform. Among 415 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 402 give Kinder Morgan Energy Partners a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinder Morgan Energy Partners is hold, with an average price target of $85.70.
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