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Kinder Morgan (KMI) Outpaces Stock Market Gains: What You Should Know
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Kinder Morgan (KMI - Free Report) closed at $17.03 in the latest trading session, marking a +0.83% move from the prior day. This move outpaced the S&P 500's daily gain of 0.69%. At the same time, the Dow added 0.43%, and the tech-heavy Nasdaq lost 8.94%.
Heading into today, shares of the oil and natural gas pipeline and storage company had gained 1.14% over the past month, lagging the Oils-Energy sector's gain of 2.52% and the S&P 500's gain of 5.41% in that time.
Kinder Morgan will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.24, down 11.11% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.39 billion, down 14.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $17.38 billion. These totals would mark changes of -6.03% and -9.48%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kinder Morgan. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% higher. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinder Morgan has a Forward P/E ratio of 15.45 right now. Its industry sports an average Forward P/E of 15.4, so we one might conclude that Kinder Morgan is trading at a premium comparatively.
It is also worth noting that KMI currently has a PEG ratio of 5.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 3.78 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kinder Morgan (KMI) Outpaces Stock Market Gains: What You Should Know
Kinder Morgan (KMI - Free Report) closed at $17.03 in the latest trading session, marking a +0.83% move from the prior day. This move outpaced the S&P 500's daily gain of 0.69%. At the same time, the Dow added 0.43%, and the tech-heavy Nasdaq lost 8.94%.
Heading into today, shares of the oil and natural gas pipeline and storage company had gained 1.14% over the past month, lagging the Oils-Energy sector's gain of 2.52% and the S&P 500's gain of 5.41% in that time.
Kinder Morgan will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.24, down 11.11% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.39 billion, down 14.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $17.38 billion. These totals would mark changes of -6.03% and -9.48%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kinder Morgan. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% higher. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinder Morgan has a Forward P/E ratio of 15.45 right now. Its industry sports an average Forward P/E of 15.4, so we one might conclude that Kinder Morgan is trading at a premium comparatively.
It is also worth noting that KMI currently has a PEG ratio of 5.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 3.78 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.