Can ONEOK Partners Meet These Numbers?
ONEOK Partners (NYS: OKS) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ONEOK Partners's revenues will increase 25.6% and EPS will decrease -18.8%.
The average estimate for revenue is $2.67 billion. On the bottom line, the average EPS estimate is $0.56.
Last quarter, ONEOK Partners notched revenue of $2.52 billion. GAAP reported sales were 3.0% lower than the prior-year quarter's $2.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.42. GAAP EPS of $0.42 for Q1 were 54% lower than the prior-year quarter's $0.91 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 14.7%, 150 basis points worse than the prior-year quarter. Operating margin was 7.1%, 280 basis points worse than the prior-year quarter. Net margin was 6.2%, 300 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $11.15 billion. The average EPS estimate is $2.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 669 members out of 684 rating the stock outperform, and 15 members rating it underperform. Among 220 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 217 give ONEOK Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK Partners is hold, with an average price target of $59.29.
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The article Can ONEOK Partners Meet These Numbers? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends ONEOK Partners, L.P. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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