Kinder Morgan Gains 1.77% Ahead of Earnings Forecast

Kinder Morgan shares rose 1.77% to close at $31.07 in the latest session, outpacing the S&P 500’s 0.73% gain. The Dow rose 0.49%, while the Nasdaq advanced 1.19%.

Ahead of the company’s next earnings release, the Zacks Consensus Estimate calls for quarterly earnings of $0.33 per share, up 13.79% from the year-earlier quarter. Its revenue estimate is $4.38 billion, a 5.73% increase.

For the full year, Zacks estimates earnings of $1.56 per share and revenue of $18.34 billion. Those figures would be increases of 20% and 8.26%, respectively, from the prior year.

The daily gain followed a weaker month for the shares, which fell 3.39%. The Oils-Energy sector declined 2.73% over the same period, while the S&P 500 rose 0.55%.

Zacks listed Kinder Morgan’s forward P/E ratio at 19.63, compared with an industry average of 18.52. The forward P/E compares a company’s share price with its forecast earnings.