The most recent trading session ended with Kinder Morgan (KMI) standing at $26.41, reflecting a +1.03% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. On the other hand, the Dow registered a loss of 1.14%, and the technology-centric Nasdaq decreased by 0.18%.

Coming into today, shares of the oil and natural gas pipeline and storage company had lost 3.44% in the past month. In that same time, the Oils-Energy sector lost 6.68%, while the S&P 500 lost 7.29%.

Market participants will be closely following the financial results of Kinder Morgan in its upcoming release. On that day, Kinder Morgan is projected to report earnings of $0.34 per share, which would represent no growth from the year-ago period. Alongside, our most recent consensus estimate is anticipating revenue of $4.08 billion, indicating a 6.17% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.26 per share and revenue of $16.2 billion, which would represent changes of +9.57% and +7.26%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 2.6% rise in the Zacks Consensus EPS estimate. At present, Kinder Morgan boasts a Zacks Rank of #3 (Hold).

Investors should also note Kinder Morgan's current valuation metrics, including its Forward P/E ratio of 20.71. This valuation marks a premium compared to its industry's average Forward P/E of 17.35.

Investors should also note that KMI has a PEG ratio of 3.01 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.63 based on yesterday's closing prices.

The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.

The Zacks Industry Rank is ordered 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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