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Investors Heavily Search Kinder Morgan, Inc. (KMI): Here is What You Need to Know
KMIKinder Morgan(KMI) zacks.com·2024-05-23 14:02

Core Viewpoint - Kinder Morgan (KMI) has been trending in stock searches, with recent performance showing a +3.1% return over the past month, compared to +6.1% for the S&P 500 and +2.7% for the Zacks Oil and Gas - Production and Pipelines industry [1] Earnings Estimates - Kinder Morgan is expected to report earnings of 0.26pershareforthecurrentquarter,reflectingayearoveryearincreaseof+8.30.26 per share for the current quarter, reflecting a year-over-year increase of +8.3%, with a consensus estimate change of +1.8% over the last 30 days [3] - The consensus earnings estimate for the current fiscal year is 1.19, indicating a year-over-year change of +11.2%, with a +0.9% change over the last 30 days [3] - For the next fiscal year, the consensus estimate is 1.21,showinga+2.21.21, showing a +2.2% change from the previous year, with a -0.8% change over the past month [3] Revenue Growth - The consensus sales estimate for the current quarter is 3.92 billion, indicating a year-over-year change of +12.1% [5] - For the current fiscal year, the revenue estimates are 16.55billionand16.55 billion and 17.02 billion, reflecting changes of +7.9% and +2.8%, respectively [5] Last Reported Results - In the last reported quarter, Kinder Morgan generated revenues of 3.84billion,ayearoveryeardecreaseof1.23.84 billion, a year-over-year decrease of -1.2%, with an EPS of 0.34 compared to 0.30ayearago[6]Thereportedrevenueswere12.830.30 a year ago [6] - The reported revenues were -12.83% below the Zacks Consensus Estimate of 4.41 billion, while the EPS surprise was +3.03% [6] - Over the last four quarters, Kinder Morgan surpassed consensus EPS estimates twice and revenue estimates once [6] Valuation - Kinder Morgan's valuation is assessed through various multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), which help determine if the stock is fairly valued, overvalued, or undervalued [7] - The Zacks Value Style Score grades Kinder Morgan as C, indicating it is trading at par with its peers [9] Bottom Line - The analysis suggests that Kinder Morgan may perform in line with the broader market in the near term, supported by its Zacks Rank 3 [10]