Earnings Estimates Moving Higher for KINETIK HLDGS (KNTK): Time to Buy?

Core Viewpoint - Kinetik Holdings Inc. (KNTK) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $0.46 per share, reflecting a year-over-year decrease of 72.94$1.46 per share, indicating a year-over-year decline of 38.66% - There has been a positive trend in estimate revisions for the current year, with one estimate moving up and no negative revisions, resulting in a 5.04% increase in the consensus estimate [5]. Favorable Zacks Rank - Kinetik Holdings currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that can guide investment decisions - Research shows that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [6]. Stock Performance - Kinetik Holdings shares have increased by 16.6% over the past four weeks, suggesting strong investor confidence in its earnings growth prospects [7].