In the latest trading session, Kinder Morgan (KMI) closed at $20.42, marking a +1.64% move from the previous day. This change outpaced the S&P 500's 1.09% gain on the day. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, added 1.42%.
Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 4.8% over the past month. This has outpaced the Oils-Energy sector's gain of 1.86% and the S&P 500's gain of 1.18% in that time.
Wall Street will be looking for positivity from KMI as it approaches its next earnings report date. On that day, KMI is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 13.64%. Our most recent consensus estimate is calling for quarterly revenue of $3.60 billion, up 5.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.99 per share and revenue of $15.15 billion, which would represent changes of +11.24% and +7.09%, 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.38% lower. KMI is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, KMI currently has a Forward P/E ratio of 20.27. This valuation marks a premium compared to its industry's average Forward P/E of 18.76.
It is also worth noting that KMI currently has a PEG ratio of 2.7. 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. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 28% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research