ONEOK, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ONEOK, Inc. (NYSE:OKE) will unveil its latest earnings on Tuesday, May 1, 2012. ONEOK is an energy company that distributes natural gas primarily in the United States.

ONEOK, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.33 per share, a rise of 11.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.34. Between one and three months ago, the average estimate moved up. It has dropped from $1.37 during the last month. Analysts are projecting profit to rise by 9.6% versus last year to $3.66.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of $1.08 per share against an estimate of net income of. The company also topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $4.69 billion in revenue this quarter, a rise of 21.2% from the year-ago quarter. Analysts are forecasting total revenue of $16.52 billion for the year, a rise of 11.5% from last year’s revenue of $14.81 billion.

Analyst Ratings: Analysts are high on the stock, with six analysts rating it as a buy, none rating it as a sell and four rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 38.4% to $115 million ($1.08 a share) from $83.1 million (76 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 14.1% to $3.83 billion from $3.36 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 32.2% in the second quarter of the last fiscal year and 9.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 25.2% in the second quarter of the last fiscal year and 22.2% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between April 19, 2012 and April 25, 2012, the stock price rose $3.42 (4.2%), from $80.94 to $84.36. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 27, 2011, when shares rose for eight straight days, increasing 7.4% (+$4.95) over that span. It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight days, dropping 21.3% (-$15.84) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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