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Kinder Morgan (KMI) Declines More Than Market: Some Information for Investors
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Kinder Morgan (KMI - Free Report) ended the recent trading session at $32.61, demonstrating a -1.98% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.36%. Meanwhile, the Dow lost 1.64%, and the Nasdaq, a tech-heavy index, lost 1.46%.
The oil and natural gas pipeline and storage company's shares have seen an increase of 3.55% over the last month, not keeping up with the Oils-Energy sector's gain of 10.02% and outstripping the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Kinder Morgan in its upcoming earnings disclosure. The company is expected to report EPS of $0.37, up 8.82% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.51 billion, showing a 6.33% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.39 per share and revenue of $17.75 billion, indicating changes of +6.92% and +4.82%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 2.19% higher. Kinder Morgan presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 24.01. This indicates a premium in contrast to its industry's Forward P/E of 19.41.
One should further note that KMI currently holds a PEG ratio of 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.63 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 27% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Kinder Morgan (KMI) Declines More Than Market: Some Information for Investors
Kinder Morgan (KMI - Free Report) ended the recent trading session at $32.61, demonstrating a -1.98% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.36%. Meanwhile, the Dow lost 1.64%, and the Nasdaq, a tech-heavy index, lost 1.46%.
The oil and natural gas pipeline and storage company's shares have seen an increase of 3.55% over the last month, not keeping up with the Oils-Energy sector's gain of 10.02% and outstripping the S&P 500's loss of 1.76%.
Investors will be eagerly watching for the performance of Kinder Morgan in its upcoming earnings disclosure. The company is expected to report EPS of $0.37, up 8.82% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.51 billion, showing a 6.33% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.39 per share and revenue of $17.75 billion, indicating changes of +6.92% and +4.82%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 2.19% higher. Kinder Morgan presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Kinder Morgan is currently trading at a Forward P/E ratio of 24.01. This indicates a premium in contrast to its industry's Forward P/E of 19.41.
One should further note that KMI currently holds a PEG ratio of 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.63 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 27% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.