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Kinder Morgan (KMI) Gains But Lags Market: What You Should Know
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Kinder Morgan (KMI - Free Report) closed the most recent trading day at $17.49, moving +0.23% from the previous trading session. This change lagged the S&P 500's 2.12% gain on the day. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Heading into today, shares of the oil and natural gas pipeline and storage company had lost 6.03% over the past month, outpacing the Oils-Energy sector's loss of 8.07% and lagging the S&P 500's loss of 4.4% in that time.
KMI will be looking to display strength as it nears its next earnings release, which is expected to be January 16, 2019. On that day, KMI is projected to report earnings of $0.24 per share, which would represent year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $4.06 billion, up 11.8% from the prior-year quarter.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.87 per share and revenue of $14.36 billion. These results would represent year-over-year changes of +31.82% and +4.77%, respectively.
It is also important to note the recent changes to analyst estimates for KMI. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.83% higher. KMI currently has a Zacks Rank of #2 (Buy).
Investors should also note KMI's current valuation metrics, including its Forward P/E ratio of 20.1. This represents a no noticeable deviation compared to its industry's average Forward P/E of 20.1.
We can also see that KMI currently has a PEG ratio of 2.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KMI's industry had an average PEG ratio of 3.42 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.
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Kinder Morgan (KMI) Gains But Lags Market: What You Should Know
Kinder Morgan (KMI - Free Report) closed the most recent trading day at $17.49, moving +0.23% from the previous trading session. This change lagged the S&P 500's 2.12% gain on the day. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Heading into today, shares of the oil and natural gas pipeline and storage company had lost 6.03% over the past month, outpacing the Oils-Energy sector's loss of 8.07% and lagging the S&P 500's loss of 4.4% in that time.
KMI will be looking to display strength as it nears its next earnings release, which is expected to be January 16, 2019. On that day, KMI is projected to report earnings of $0.24 per share, which would represent year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $4.06 billion, up 11.8% from the prior-year quarter.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.87 per share and revenue of $14.36 billion. These results would represent year-over-year changes of +31.82% and +4.77%, respectively.
It is also important to note the recent changes to analyst estimates for KMI. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.83% higher. KMI currently has a Zacks Rank of #2 (Buy).
Investors should also note KMI's current valuation metrics, including its Forward P/E ratio of 20.1. This represents a no noticeable deviation compared to its industry's average Forward P/E of 20.1.
We can also see that KMI currently has a PEG ratio of 2.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KMI's industry had an average PEG ratio of 3.42 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.