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Kinder Morgan (KMI) Exceeds Market Returns: Some Facts to Consider
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Kinder Morgan (KMI - Free Report) closed at $27.84 in the latest trading session, marking a +2.47% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 0.22%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 4.82% outpaced the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 0.08%.
Investors will be eagerly watching for the performance of Kinder Morgan in its upcoming earnings disclosure. The company is expected to report EPS of $0.36, up 12.5% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.45 billion, up 11.7% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.27 per share and revenue of $16.82 billion, indicating changes of +10.43% and +11.38%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. At present, Kinder Morgan boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Kinder Morgan is currently being traded at a Forward P/E ratio of 21.39. This denotes a premium relative to the industry average Forward P/E of 16.29.
Also, we should mention that KMI has a PEG ratio of 2.39. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 1.84 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% 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) Exceeds Market Returns: Some Facts to Consider
Kinder Morgan (KMI - Free Report) closed at $27.84 in the latest trading session, marking a +2.47% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 0.22%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 4.82% outpaced the Oils-Energy sector's gain of 3.17% and the S&P 500's gain of 0.08%.
Investors will be eagerly watching for the performance of Kinder Morgan in its upcoming earnings disclosure. The company is expected to report EPS of $0.36, up 12.5% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.45 billion, up 11.7% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.27 per share and revenue of $16.82 billion, indicating changes of +10.43% and +11.38%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. At present, Kinder Morgan boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Kinder Morgan is currently being traded at a Forward P/E ratio of 21.39. This denotes a premium relative to the industry average Forward P/E of 16.29.
Also, we should mention that KMI has a PEG ratio of 2.39. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 1.84 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% 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.