We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to Oneok (OKE) Q4 Earnings: Wall Street Forecasts for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Oneok Inc. (OKE - Free Report) to post quarterly earnings of $1.50 per share in its upcoming report, which indicates a year-over-year decline of 4.5%. Revenues are expected to be $9.49 billion, up 35.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Oneok metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenues- Natural Gas Gathering and processing' stands at $1.46 billion. The estimate indicates a year-over-year change of -20.1%.
Analysts' assessment points toward 'Revenues- Natural Gas Pipelines' reaching $355.94 million. The estimate indicates a change of +17.5% from the prior-year quarter.
Analysts predict that the 'Revenues- Refined Products & Crude' will reach $2.29 billion. The estimate suggests a change of +39.4% year over year.
The average prediction of analysts places 'Revenues- Natural gas liquids' at $2.47 billion. The estimate indicates a change of -45.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Raw feed throughput - Natural Gas Liquids' should arrive at 1,650.68 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,306.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Adjusted EBITDA- Natural Gas Liquids' will reach $781.79 million. Compared to the current estimate, the company reported $696.00 million in the same quarter of the previous year.
Analysts expect 'Adjusted EBITDA- Refined Products & Crude' to come in at $608.12 million. Compared to the present estimate, the company reported $603.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Natural Gas Pipelines' of $224.21 million. The estimate is in contrast to the year-ago figure of $417.00 million.
The consensus among analysts is that 'Adjusted EBITDA- Natural Gas Gathering and Processing' will reach $574.43 million. The estimate compares to the year-ago value of $489.00 million.
Over the past month, shares of Oneok have returned +10.6% versus the Zacks S&P 500 composite's -0.8% change. Currently, OKE carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Countdown to Oneok (OKE) Q4 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts expect Oneok Inc. (OKE - Free Report) to post quarterly earnings of $1.50 per share in its upcoming report, which indicates a year-over-year decline of 4.5%. Revenues are expected to be $9.49 billion, up 35.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Oneok metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenues- Natural Gas Gathering and processing' stands at $1.46 billion. The estimate indicates a year-over-year change of -20.1%.
Analysts' assessment points toward 'Revenues- Natural Gas Pipelines' reaching $355.94 million. The estimate indicates a change of +17.5% from the prior-year quarter.
Analysts predict that the 'Revenues- Refined Products & Crude' will reach $2.29 billion. The estimate suggests a change of +39.4% year over year.
The average prediction of analysts places 'Revenues- Natural gas liquids' at $2.47 billion. The estimate indicates a change of -45.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Raw feed throughput - Natural Gas Liquids' should arrive at 1,650.68 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,306.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Adjusted EBITDA- Natural Gas Liquids' will reach $781.79 million. Compared to the current estimate, the company reported $696.00 million in the same quarter of the previous year.
Analysts expect 'Adjusted EBITDA- Refined Products & Crude' to come in at $608.12 million. Compared to the present estimate, the company reported $603.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Natural Gas Pipelines' of $224.21 million. The estimate is in contrast to the year-ago figure of $417.00 million.
The consensus among analysts is that 'Adjusted EBITDA- Natural Gas Gathering and Processing' will reach $574.43 million. The estimate compares to the year-ago value of $489.00 million.
View all Key Company Metrics for Oneok here>>>Over the past month, shares of Oneok have returned +10.6% versus the Zacks S&P 500 composite's -0.8% change. Currently, OKE carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .