Last Reported Results and Surprise History For the current and next fiscal years, $17.54 billion and $18.71 billion estimates indicate -8.7% and +6.7% changes, respectively. So, it's important to know a company's potential revenue growth.įor Kinder Morgan, the consensus sales estimate for the current quarter of $4.4 billion indicates a year-over-year change of -14.5%. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Kinder Morgan. With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed -1.7%. Over the last 30 days, this estimate has changed -1.7%.įor the next fiscal year, the consensus earnings estimate of $1.13 indicates a change of +3.5% from what Kinder Morgan is expected to report a year ago. Over the last 30 days, the Zacks Consensus Estimate has changed -4.6%.įor the current fiscal year, the consensus earnings estimate of $1.09 points to a change of -6% from the prior year. Kinder Morgan is expected to post earnings of $0.25 per share for the current quarter, representing a year-over-year change of -7.4%. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has lost 2.2%. Over the past month, shares of this oil and natural gas pipeline and storage company have returned -6.1%, compared to the Zacks S&P 500 composite's +0.1% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
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