Workflow
Kinder Morgan (KMI) Beats Stock Market Upswing: What Investors Need to Know
Kinder MorganKinder Morgan(US:KMI) ZACKSยท2024-09-16 23:05

Company Performance - Kinder Morgan (KMI) closed at $21.47, reflecting a +1.56% change from the previous day's closing price, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, KMI shares increased by 0.28%, while the Oils-Energy sector declined by 2.9% and the S&P 500 rose by 3.67% [1] - The upcoming earnings report is expected to show an EPS of $0.27, an 8% increase year-over-year, with revenue anticipated at $3.82 billion, a 2.29% decrease from the same quarter last year [1] Earnings Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $1.19 per share and revenue of $15.28 billion, reflecting changes of +11.21% and -0.38% respectively from the prior year [2] - Recent analyst estimate revisions indicate positive sentiment towards Kinder Morgan's business operations and profit generation capabilities [2] Valuation Metrics - Kinder Morgan has a Forward P/E ratio of 17.7, which is a premium compared to the industry average Forward P/E of 17.38 [3] - The company holds a PEG ratio of 2.94, slightly below the industry average PEG ratio of 2.96 [3] Industry Context - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector, holding a Zacks Industry Rank of 94, placing it in the top 38% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]