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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 $17.25 in the latest trading session, marking a +0.17% move from the prior day. This move outpaced the S&P 500's daily gain of 0.12%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
Kinder Morgan will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.29, up 7.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.39 billion, down 14.74% from the year-ago period.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $17.38 billion. These results would represent year-over-year changes of -6.03% and -9.48%, respectively.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kinder Morgan is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Kinder Morgan currently has a Forward P/E ratio of 15.76. Its industry sports an average Forward P/E of 15.96, so we one might conclude that Kinder Morgan is trading at a discount comparatively.
Also, we should mention that KMI has a PEG ratio of 5.25. 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. KMI's industry had an average PEG ratio of 3.89 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting 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.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.
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Kinder Morgan (KMI) Outpaces Stock Market Gains: What You Should Know
Kinder Morgan (KMI - Free Report) closed at $17.25 in the latest trading session, marking a +0.17% move from the prior day. This move outpaced the S&P 500's daily gain of 0.12%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
Kinder Morgan will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.29, up 7.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.39 billion, down 14.74% from the year-ago period.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $17.38 billion. These results would represent year-over-year changes of -6.03% and -9.48%, respectively.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. Recent revisions tend to reflect the latest 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kinder Morgan is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Kinder Morgan currently has a Forward P/E ratio of 15.76. Its industry sports an average Forward P/E of 15.96, so we one might conclude that Kinder Morgan is trading at a discount comparatively.
Also, we should mention that KMI has a PEG ratio of 5.25. 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. KMI's industry had an average PEG ratio of 3.89 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting 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.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.