Natural gas compression provider Kodiak Gas Services (NYSE: KGS) will be announcing earnings results this Monday before the bell. Here’s what investors should know.
Kodiak Gas Services beat analysts’ revenue expectations last quarter, reporting revenues of $332.9 million, up 7.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Kodiak Gas Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kodiak Gas Services’s revenue to grow 3.5% year on year, slowing from the 53% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kodiak Gas Services has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kodiak Gas Services’s peers in the infrastructure segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kinder Morgan delivered year-on-year revenue growth of 13.8%, beating analysts’ expectations by 3.3%, and Expand Energy reported revenues up 41%, topping estimates by 48.2%. Kinder Morgan’s stock price was unchanged after the resultswhile Expand Energy was up 4.2%.
Read our full analysis of Kinder Morgan’s results here and Expand Energy’s results here.
Investors in the infrastructure segment have had steady hands going into earnings, with share prices flat over the last month. Kodiak Gas Services is up 15.1% during the same time and is heading into earnings with an average analyst price target of $66.75 (compared to the current share price of $69.94).
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