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ONEOK (OKE) to Report Q1 Earnings: What's in the Cards?
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ONEOK, Inc. (OKE - Free Report) is scheduled to release first-quarter 2021 earnings on Apr 27, after market close. The company witnessed a negative earnings surprise of 6.76% in the last reported quarter.
Let’s see how things are placed ahead of the upcoming quarterly announcement.
Factors to Consider
ONEOK’s diversified customer base and a gradual expansion in its production volumes, courtesy of the upstream companies are likely to have increased demand for its natural gas liquids and natural gas pipelines. Moreover, the company’s presence in the key producing regions, providing services to producers and processors, along with its fee-based income will also act as tailwinds.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2021 sales is pegged at $3.53 billion, which indicates an increase of 65.04% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter earnings is pegged at 77 cents per share, implying a 7.23% fall from the year-earlier quarter’s reported number.
What Our Quantitative Model Predicts
Our proven model predicts an earnings beat for ONEOK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
Earnings ESP: ONEOK has an Earnings ESP of +5.20%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some other companies worth considering from the same industry, which according to our model, have the right combination of elements to beat on earnings in the upcoming releases.
Atmos Energy Corporation (ATO - Free Report) is set to release first-quarter 2021 results on May 5. It has an Earnings ESP of +0.50% and is a #3 Ranked player at present.
UGI Corporation (UGI - Free Report) is set to release first-quarter 2021 results on May 5. It has an Earnings ESP of +1.74% and a Zacks Rank #3 at present.
Spire Inc. (SR - Free Report) is set to release first-quarter 2021 results on May 7. It has an Earnings ESP of +2.75% and a Zacks Rank of 3 at present.
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Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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ONEOK (OKE) to Report Q1 Earnings: What's in the Cards?
ONEOK, Inc. (OKE - Free Report) is scheduled to release first-quarter 2021 earnings on Apr 27, after market close. The company witnessed a negative earnings surprise of 6.76% in the last reported quarter.
Let’s see how things are placed ahead of the upcoming quarterly announcement.
Factors to Consider
ONEOK’s diversified customer base and a gradual expansion in its production volumes, courtesy of the upstream companies are likely to have increased demand for its natural gas liquids and natural gas pipelines. Moreover, the company’s presence in the key producing regions, providing services to producers and processors, along with its fee-based income will also act as tailwinds.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2021 sales is pegged at $3.53 billion, which indicates an increase of 65.04% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter earnings is pegged at 77 cents per share, implying a 7.23% fall from the year-earlier quarter’s reported number.
What Our Quantitative Model Predicts
Our proven model predicts an earnings beat for ONEOK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
ONEOK, Inc. Price and EPS Surprise
ONEOK, Inc. price-eps-surprise | ONEOK, Inc. Quote
Earnings ESP: ONEOK has an Earnings ESP of +5.20%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ONEOK carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are some other companies worth considering from the same industry, which according to our model, have the right combination of elements to beat on earnings in the upcoming releases.
Atmos Energy Corporation (ATO - Free Report) is set to release first-quarter 2021 results on May 5. It has an Earnings ESP of +0.50% and is a #3 Ranked player at present.
UGI Corporation (UGI - Free Report) is set to release first-quarter 2021 results on May 5. It has an Earnings ESP of +1.74% and a Zacks Rank #3 at present.
Spire Inc. (SR - Free Report) is set to release first-quarter 2021 results on May 7. It has an Earnings ESP of +2.75% and a Zacks Rank of 3 at present.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>