Kinder Morgan (KMI) ended the recent trading session at $31.44, demonstrating a +1.91% change from the preceding day’s closing price. The stock’s change was more than the S&P 500’s daily gain of 0.13%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq gained 0.03%.
Shares of the oil and natural gas pipeline and storage company have depreciated by 4.99% over the course of the past month, underperforming the Oils-Energy sector’s loss of 3.92%, and the S&P 500’s gain of 5.25%.
The upcoming earnings release of Kinder Morgan will be of great interest to investors. The company is expected to report EPS of $0.31, up 10.71% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $4.29 billion, indicating a 6.16% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.49 per share and revenue of $18.17 billion, indicating changes of +14.62% and +7.27%, respectively, compared to the previous year.
It’s also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.94% higher. Kinder Morgan is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Kinder Morgan is holding a Forward P/E ratio of 20.7. This valuation marks a discount compared to its industry average Forward P/E of 20.74.
Investors should also note that KMI has a PEG ratio of 2.57 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. The Oil and Gas – Production and Pipelines industry had an average PEG ratio of 1.71 as trading concluded yesterday.
The Oil and Gas – Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 78, positioning it in the top 32% of all 250+ industries.
