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Kinder Morgan (KMI) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, Kinder Morgan (KMI - Free Report) was down 1.23% at $31.29. This change lagged the S&P 500's 0.3% gain on the day. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq gained 0.86%.
The stock of oil and natural gas pipeline and storage company has risen by 0.86% in the past month, leading the Oils-Energy sector's loss of 5.56% and undershooting the S&P 500's gain of 1.92%.
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 $0.31, marking a 10.71% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.29 billion, up 6.16% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $18.17 billion, demonstrating changes of +14.62% and +7.27%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Kinder Morgan. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Kinder Morgan possesses a Zacks Rank of #2 (Buy).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 21.26. This expresses a premium compared to the average Forward P/E of 21.09 of its industry.
Also, we should mention that KMI has a PEG ratio of 2.64. 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. KMI's industry had an average PEG ratio of 1.78 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, Kinder Morgan (KMI - Free Report) was down 1.23% at $31.29. This change lagged the S&P 500's 0.3% gain on the day. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq gained 0.86%.
The stock of oil and natural gas pipeline and storage company has risen by 0.86% in the past month, leading the Oils-Energy sector's loss of 5.56% and undershooting the S&P 500's gain of 1.92%.
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 $0.31, marking a 10.71% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.29 billion, up 6.16% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $18.17 billion, demonstrating changes of +14.62% and +7.27%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Kinder Morgan. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Kinder Morgan possesses a Zacks Rank of #2 (Buy).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 21.26. This expresses a premium compared to the average Forward P/E of 21.09 of its industry.
Also, we should mention that KMI has a PEG ratio of 2.64. 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. KMI's industry had an average PEG ratio of 1.78 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.