ONEOK OKE reported its Q1 earnings results on Tuesday, May 2, 2023 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
ONEOK beat estimated earnings by 11.96%, reporting an EPS of $2.34 versus an estimate of $2.09.
Revenue was down $924.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.66% drop in the share price the next day.
Here's a look at ONEOK's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.03 | 0.96 | 0.90 | 0.89 |
EPS Actual | 1.08 | 0.96 | 0.92 | 0.87 |
Revenue Estimate | 6.03B | 6.12B | 5.18B | 3.19B |
Revenue Actual | 5.03B | 5.91B | 6.00B | 5.45B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ONEOK management provided guidance for FY 2023, expecting earnings between $5.03 and $5.69 per share.
To track all earnings releases for ONEOK visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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