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Kinder Morgan (KMI) Stock Dips While Market Gains: Key Facts
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Kinder Morgan (KMI - Free Report) closed the most recent trading day at $27.93, moving -1.86% from the previous trading session. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 0.71%.
Shares of the oil and natural gas pipeline and storage company witnessed a gain of 7.03% over the previous month, beating the performance of the Oils-Energy sector with its gain of 2.31%, and the S&P 500's gain of 4.26%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. It is anticipated that the company will report an EPS of $0.29, marking a 16% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $4.17 billion, indicating a 12.66% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.26 per share and a revenue of $16.97 billion, representing changes of +9.57% and +12.37%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. Kinder Morgan presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Kinder Morgan currently has a Forward P/E ratio of 22.53. This signifies a premium in comparison to the average Forward P/E of 16.48 for its industry.
Meanwhile, KMI's PEG ratio is currently 3.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 2.25 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 37, which puts it in the top 15% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kinder Morgan (KMI) Stock Dips While Market Gains: Key Facts
Kinder Morgan (KMI - Free Report) closed the most recent trading day at $27.93, moving -1.86% from the previous trading session. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 0.71%.
Shares of the oil and natural gas pipeline and storage company witnessed a gain of 7.03% over the previous month, beating the performance of the Oils-Energy sector with its gain of 2.31%, and the S&P 500's gain of 4.26%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. It is anticipated that the company will report an EPS of $0.29, marking a 16% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $4.17 billion, indicating a 12.66% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.26 per share and a revenue of $16.97 billion, representing changes of +9.57% and +12.37%, respectively, from the prior 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. Kinder Morgan presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Kinder Morgan currently has a Forward P/E ratio of 22.53. This signifies a premium in comparison to the average Forward P/E of 16.48 for its industry.
Meanwhile, KMI's PEG ratio is currently 3.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 2.25 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 37, which puts it in the top 15% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.