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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) closed at $31.07 in the latest trading session, marking a +1.77% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The stock of oil and natural gas pipeline and storage company has fallen by 3.39% in the past month, lagging the Oils-Energy sector's loss of 2.73% and the S&P 500's gain of 0.55%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.38 billion, up 5.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.56 per share and revenue of $18.34 billion, which would represent changes of +20% and +8.26%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.51% higher. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 19.63. For comparison, its industry has an average Forward P/E of 18.52, which means Kinder Morgan is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 2.15. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.77 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 71, putting it in the top 29% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
Kinder Morgan (KMI - Free Report) closed at $31.07 in the latest trading session, marking a +1.77% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The stock of oil and natural gas pipeline and storage company has fallen by 3.39% in the past month, lagging the Oils-Energy sector's loss of 2.73% and the S&P 500's gain of 0.55%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.38 billion, up 5.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.56 per share and revenue of $18.34 billion, which would represent changes of +20% and +8.26%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.51% higher. Kinder Morgan currently has a Zacks Rank of #3 (Hold).
Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 19.63. For comparison, its industry has an average Forward P/E of 18.52, which means Kinder Morgan is trading at a premium to the group.
Meanwhile, KMI's PEG ratio is currently 2.15. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 1.77 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 71, putting it in the top 29% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.