Kinder Morgan (KMI) Stock Dips While Market Gains: Key Facts

Kinder Morgan (KMI) closed the latest trading day at $27.53, indicating a -2.17% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.09%.Shares of the oil and natural gas pipeline and storage company witnessed a gain of 3.04% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.47% and the S&P 500's gain of 7.21%.The investment community will be closely monitoring the performance of Kinder Morgan in its forthcoming earnings report. The company is forecasted to report an EPS of $0.27, showcasing an 8% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $3.88 billion, indicating an 8.69% growth compared to the corresponding quarter of the prior year.KMI's full-year Zacks Consensus Estimates are calling for earnings of $1.26 per share and revenue of $16.52 billion. These results would represent year-over-year changes of +9.57% and +9.37%, respectively.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 company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.16% rise in the Zacks Consensus EPS estimate. As of now, Kinder Morgan holds a Zacks Rank of #3 (Hold).Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 22.3. This expresses a premium compared to the average Forward P/E of 17.03 of its industry.It is also worth noting that KMI currently has a PEG ratio of 3.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. KMI's industry had an average PEG ratio of 2.57 as of yesterday's close.The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 40% of all industries, numbering over 250.The Zacks Industry Rank gauges the strength of our individual 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.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks