ONEOK Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ONEOK, Inc. (NYSE:OKE) will unveil its latest earnings on Monday, February 20, 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 $1.05 per share, a rise of 38.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $3.31 per share, a rise of 8.2% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported net income of 57 cents per share versus a mean estimate of profit of 55 cents per share. In the second quarter, the company missed estimates by 4 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 61% in revenue from the year-earlier quarter to $5.41 billion.

Analyst Ratings: Analysts seem relatively indifferent about ONEOK with four of seven analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 9.1% to $60.3 million (57 cents a share) from $55.3 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 22.2% to $3.6 billion from $2.94 billion.

Key Stats:

For the last eight quarters, the company has reported a profit. Profit has risen year-over-year by an average of 3.6% for the last four quarters. The quarter with the greatest jump was the second quarter, which saw a surge of a 32.2%.

The company’s revenue has increased for two consecutive quarters. In the second quarter, the figure rose 25.2%.

Stock Price Performance: Between January 17, 2012 and February 14, 2012, the stock price dropped $6.14 (-7%), from $87.41 to $81.27. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011, when shares rose for nine straight days, increasing 9.7% (+$6.06) 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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com