Kinder Morgan (KMI) closed the most recent trading day at $31.41, moving -1.78% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.48%. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 0.64%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 1.59% lagged the Oils-Energy sector's gain of 8.39% and outpaced the S&P 500's loss of 0.97%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. The company is expected to report EPS of $0.33, up 13.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.49 billion, up 8.33% from the prior-year 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.
Any recent changes to analyst estimates for Kinder Morgan should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.74% increase. Right now, Kinder Morgan possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Kinder Morgan is presently trading at a Forward P/E ratio of 20.67. Its industry sports an average Forward P/E of 20.42, so one might conclude that Kinder Morgan is trading at a premium comparatively.
We can additionally observe that KMI currently boasts a PEG ratio of 2.26. 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 1.89 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).