Does The Street Have ONEOK Partners Figured Out?
ONEOK Partners (NYS: OKS) is expected to report Q3 earnings on Oct. 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 wither -10.1% and EPS will contract -16.7%.
The average estimate for revenue is $2.61 billion. On the bottom line, the average EPS estimate is $0.70.
Revenue details
Last quarter, ONEOK Partners reported revenue of $2.12 billion. GAAP reported sales were 24% lower than the prior-year quarter's $2.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.69. GAAP EPS of $0.69 for Q2 were 3.0% higher than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 18.9%, 600 basis points better than the prior-year quarter. Operating margin was 10.7%, 340 basis points better than the prior-year quarter. Net margin was 9.7%, 360 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $9.90 billion. The average EPS estimate is $2.96.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 643 members out of 658 rating the stock outperform, and 15 members rating it underperform. Among 242 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 237 give ONEOK Partners a green thumbs-up, and five 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 $60.31.
Can your portfolio provide you with enough income to last through retirement? You'll need more than ONEOK Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
Add ONEOK Partners to My Watchlist.
The article Does The Street Have ONEOK Partners Figured Out? 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
