Why Kinder Morgan (KMI) Could Beat Earnings Estimates Again
It is worth considering Kinder Morgan (KMI), which belongs to the Zacks Oil and Gas - Production and Pipelines industry. When looking at the last two reports, this oil and natural gas pipeline and storage company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.64%, on average, in the last two quarters. For the last reported quarter, Kinder Morgan came out with earnings of $0.21 per share versus the Zacks Consensus Estimate of $0.19 per share, representing a surprise of 10.53%. For the previous quarter, the company was expected to post earnings of $0.21 per share and it actually produced earnings of $0.22 per share, delivering a surprise of 4.76%. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success.