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Kinder Morgan (KMI) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Kinder Morgan (KMI - Free Report) closed at $21.18, marking a -0.28% move from the previous day. This change lagged the S&P 500's 0.45% gain on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 2.21% in the past month. In that same time, the Oils-Energy sector gained 2.37%, while the S&P 500 gained 3.84%.
Investors will be hoping for strength from KMI as it approaches its next earnings release. In that report, analysts expect KMI to post earnings of $0.23 per share. This would mark year-over-year growth of 9.52%. Our most recent consensus estimate is calling for quarterly revenue of $3.61 billion, up 5.43% from the year-ago period.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.99 per share and revenue of $14.70 billion. These results would represent year-over-year changes of +11.24% and +3.93%, respectively.
Investors might also notice recent changes to analyst estimates for KMI. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.25% higher within the past month. KMI is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, KMI is holding a Forward P/E ratio of 21.51. For comparison, its industry has an average Forward P/E of 15.71, which means KMI is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. KMI's industry had an average PEG ratio of 4.58 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 96, which puts it in the top 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Kinder Morgan (KMI) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Kinder Morgan (KMI - Free Report) closed at $21.18, marking a -0.28% move from the previous day. This change lagged the S&P 500's 0.45% gain on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.75%.
Coming into today, shares of the oil and natural gas pipeline and storage company had gained 2.21% in the past month. In that same time, the Oils-Energy sector gained 2.37%, while the S&P 500 gained 3.84%.
Investors will be hoping for strength from KMI as it approaches its next earnings release. In that report, analysts expect KMI to post earnings of $0.23 per share. This would mark year-over-year growth of 9.52%. Our most recent consensus estimate is calling for quarterly revenue of $3.61 billion, up 5.43% from the year-ago period.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.99 per share and revenue of $14.70 billion. These results would represent year-over-year changes of +11.24% and +3.93%, respectively.
Investors might also notice recent changes to analyst estimates for KMI. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.25% higher within the past month. KMI is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, KMI is holding a Forward P/E ratio of 21.51. For comparison, its industry has an average Forward P/E of 15.71, which means KMI is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. KMI's industry had an average PEG ratio of 4.58 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 96, which puts it in the top 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.