Kinder Morgan (KMI) closed the most recent trading day at $17.16, moving +0.82% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 1.01%.
Heading into today, shares of the oil and natural gas pipeline and storage company had lost 6.69% over the past month, outpacing the Oils-Energy sector's loss of 9.11% and the S&P 500's loss of 6.82% 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. In that report, analysts expect KMI to post earnings of $0.24 per share. This would mark year-over-year growth of 14.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.06 billion, up 11.82% from the year-ago period.
KMI's full-year Zacks Consensus Estimates are calling for earnings of $0.87 per share and revenue of $14.38 billion. These results would represent year-over-year changes of +31.82% and +4.94%, respectively.
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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% higher. KMI is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that KMI has a Forward P/E ratio of 19.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 18.66.
It is also worth noting that KMI currently has a PEG ratio of 2.31. 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 3.14 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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