Oneok Earnings Preview: Get Ahead of the Analysts

Oneok (NYSE:OKE) will report earnings after markets close on Tuesday, April 30th. ONEOK, Inc. is a diversified energy company. The Company is involved in the natural gas and natural gas liquids business across the United States.

Here is your Cheat Sheet to Oneok Earnings:

Earnings Expectations: Analysts expect earnings of $0.59 per share on revenues of $3.75 billion. Currently, the company’s P/E ratio stands at 30.35.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.38 to a profit $0.32. For the current year, the average estimate is a profit of $1.81, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Oneok has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 16,160 11,110 12,680 14,810 12,630
Diluted EPS ($) 1.475 1.435 1.55 1.68 1.71

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 4,071 3,415 2,529 3,029 3,660
Diluted EPS ($) 0.5434 0.58 0.29 0.31 0.5331

Past Performance:
Oneok has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)