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Why Kinder Morgan (KMI) Outpaced the Stock Market Today
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Kinder Morgan (KMI - Free Report) closed the most recent trading day at $31.31, moving +1.89% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had lost 4.21% lagged the Oils-Energy sector's gain of 1.41% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Kinder Morgan in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.33, showcasing a 13.79% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.49 billion, showing a 8.33% escalation compared to the year-ago quarter.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $1.55 per share and revenue of $18.49 billion. These results would represent year-over-year changes of +19.23% and +9.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.49% higher within the past month. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinder Morgan has a Forward P/E ratio of 19.81 right now. This represents a premium compared to its industry average Forward P/E of 19.41.
We can additionally observe that KMI currently boasts a PEG ratio of 2.17. 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 1.81 as trading concluded yesterday.
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 103, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Kinder Morgan (KMI) Outpaced the Stock Market Today
Kinder Morgan (KMI - Free Report) closed the most recent trading day at $31.31, moving +1.89% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had lost 4.21% lagged the Oils-Energy sector's gain of 1.41% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Kinder Morgan in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.33, showcasing a 13.79% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.49 billion, showing a 8.33% escalation compared to the year-ago quarter.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $1.55 per share and revenue of $18.49 billion. These results would represent year-over-year changes of +19.23% and +9.19%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.49% higher within the past month. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinder Morgan has a Forward P/E ratio of 19.81 right now. This represents a premium compared to its industry average Forward P/E of 19.41.
We can additionally observe that KMI currently boasts a PEG ratio of 2.17. 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 1.81 as trading concluded yesterday.
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 103, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow KMI in the coming trading sessions, be sure to utilize Zacks.com.