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Kinder Morgan (KMI) Advances While Market Declines: Some Information for Investors
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In the latest market close, Kinder Morgan (KMI - Free Report) reached $17.97, with a +0.79% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.41%.
The oil and natural gas pipeline and storage company's shares have seen an increase of 7.34% over the last month, surpassing the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 2.7%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. It is anticipated that the company will report an EPS of $0.32, marking a 6.67% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $4.26 billion, showing a 9.62% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.17 per share and a revenue of $16.8 billion, indicating changes of +9.35% and +9.54%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kinder Morgan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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, there's been a 0.85% rise in the Zacks Consensus EPS estimate. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 15.27. This signifies a discount in comparison to the average Forward P/E of 15.46 for its industry.
It's also important to note that KMI currently trades at a PEG ratio of 5.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production and Pipelines industry had an average PEG ratio of 4.37.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Kinder Morgan (KMI) Advances While Market Declines: Some Information for Investors
In the latest market close, Kinder Morgan (KMI - Free Report) reached $17.97, with a +0.79% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.41%.
The oil and natural gas pipeline and storage company's shares have seen an increase of 7.34% over the last month, surpassing the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 2.7%.
Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. It is anticipated that the company will report an EPS of $0.32, marking a 6.67% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $4.26 billion, showing a 9.62% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.17 per share and a revenue of $16.8 billion, indicating changes of +9.35% and +9.54%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kinder Morgan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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, there's been a 0.85% rise in the Zacks Consensus EPS estimate. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 15.27. This signifies a discount in comparison to the average Forward P/E of 15.46 for its industry.
It's also important to note that KMI currently trades at a PEG ratio of 5.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production and Pipelines industry had an average PEG ratio of 4.37.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.