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Market Overview

Earnings Outlook For ONEOK


ONEOK (NYSE:OKE) announces its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see ONEOK reporting earnings of $0.73 per share on sales of $2.61 billion. In the same quarter last year, ONEOK reported EPS of $0.77 on revenue of $2.66 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be down 5.19%. Revenue would be down 2.03% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.58 0.54 0.82 0.77
EPS Actual 0.70 0.32 0.83 0.77
Revenue Estimate 2.58 B 2.30 B 2.98 B 2.72 B
Revenue Actual 2.17 B 3.02 B 2.14 B 2.66 B

Stock Performance

Shares of ONEOK were trading at $44.83 as of February 18. Over the last 52-week period, shares are down 39.86%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. ONEOK is scheduled to hold the call at 11:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings