Posted 4/10/2024, 10:00:20 PM
Kinder Morgan Stock Underperforms as Earnings Growth Outlook Remains Positive
- Kinder Morgan (KMI) stock recently declined 1.14%, underperforming broader market indexes
- KMI earnings projected to grow 6.67% year-over-year in upcoming report, with 9.62% revenue growth
- For full fiscal year, Zacks consensus estimates predict 9.35% earnings growth and 9.54% revenue growth
- KMI currently has a forward P/E ratio of 15.75, lower than industry average of 17.97
- KMI's Oil and Gas - Production and Pipelines industry ranked in top 31% of Zacks industries, suggesting strong outlook