Kinder Morgan (KMI - Free Report) closed at $17.06 in the latest trading session, marking a +1.13% move from the prior day. This change outpaced the S&P 500's 0.82% gain on the day. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.79%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had lost 1.69% over the past month. This has lagged the Oils-Energy sector's loss of 0.98% and the S&P 500's gain of 3.94% in that time.
KMI will be looking to display strength as it nears its next earnings release, which is expected to be January 16, 2019. On that day, KMI is projected to report earnings of $0.24 per share, which would represent year-over-year growth of 14.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.06 billion, up 11.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.87 per share and revenue of $14.36 billion, which would represent changes of +31.82% and +4.77%, respectively, from the prior year.
Any recent changes to analyst estimates for KMI should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 remained stagnant. KMI currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that KMI has a Forward P/E ratio of 19.43 right now. For comparison, its industry has an average Forward P/E of 16.69, which means KMI is trading at a premium to the group.
It is also worth noting that KMI currently has a PEG ratio of 2.29. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 2.79 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 59, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.