What to Expect from ONEOK
ONEOK (NYS: OKE) is expected to report Q4 earnings on Feb. 25. 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's revenues will wane -18.8% and EPS will wane -14.8%.
The average estimate for revenue is $3.31 billion. On the bottom line, the average EPS estimate is $0.46.
Revenue details
Last quarter, ONEOK tallied revenue of $3.03 billion. GAAP reported sales were 14% lower than the prior-year quarter's $3.53 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 $0.31. GAAP EPS of $0.31 for Q3 were 6.9% higher than the prior-year quarter's $0.29 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 11.5%, 170 basis points better than the prior-year quarter. Operating margin was 8.0%, 90 basis points better than the prior-year quarter. Net margin was 2.2%, 50 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $12.32 billion. The average EPS estimate is $1.64.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 412 members out of 427 rating the stock outperform, and 15 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 give ONEOK a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK is outperform, with an average price target of $50.35.
Can your portfolio provide you with enough income to last through retirement? You'll need more than ONEOK. 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 to My Watchlist.
The article What to Expect from ONEOK 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 recommends ONEOK. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
