In the latest trading session, Kinder Morgan (KMI - Free Report) closed at $20.88, marking a -1.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.05%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 7.1% over the past month. This has outpaced the Oils-Energy sector's loss of 1.5% and the S&P 500's loss of 0.08% in that time.
KMI will be looking to display strength as it nears its next earnings release. On that day, KMI is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 4.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.62 billion, up 5.7% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.99 per share and revenue of $14.72 billion, which would represent changes of +11.24% and +4.07%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for KMI. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.25% higher. KMI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, KMI currently has a Forward P/E ratio of 21.45. This valuation marks a premium compared to its industry's average Forward P/E of 16.05.
Investors should also note that KMI has a PEG ratio of 3.06 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. KMI's industry had an average PEG ratio of 4.38 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.