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Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
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Kinder Morgan (KMI - Free Report) ended the recent trading session at $31.44, demonstrating a +1.91% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq gained 0.03%.
Shares of the oil and natural gas pipeline and storage company have depreciated by 4.99% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.92%, and the S&P 500's gain of 5.25%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. The company is expected to report EPS of $0.31, up 10.71% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.29 billion, indicating a 6.16% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.49 per share and revenue of $18.17 billion, indicating changes of +14.62% and +7.27%, 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. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 2.94% higher. Kinder Morgan is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Kinder Morgan is holding a Forward P/E ratio of 20.7. This valuation marks a discount compared to its industry average Forward P/E of 20.74.
Investors should also note that KMI has a PEG ratio of 2.57 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.71 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 78, positioning 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
Kinder Morgan (KMI - Free Report) ended the recent trading session at $31.44, demonstrating a +1.91% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq gained 0.03%.
Shares of the oil and natural gas pipeline and storage company have depreciated by 4.99% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.92%, and the S&P 500's gain of 5.25%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. The company is expected to report EPS of $0.31, up 10.71% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.29 billion, indicating a 6.16% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.49 per share and revenue of $18.17 billion, indicating changes of +14.62% and +7.27%, 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. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 2.94% higher. Kinder Morgan is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Kinder Morgan is holding a Forward P/E ratio of 20.7. This valuation marks a discount compared to its industry average Forward P/E of 20.74.
Investors should also note that KMI has a PEG ratio of 2.57 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.71 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 78, positioning 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.
You can find more information on all of these metrics, and much more, on Zacks.com.