ONEOK(US:OKE) ZACKSยท2024-10-18 23:21Company Performance - Oneok Inc. (OKE) closed at $97.23, with a +0.82% change from the previous day, outperforming the S&P 500's daily gain of 0.4% [1] - Over the past month, Oneok's shares gained 2.85%, while the Oils-Energy sector lost 7.82% and the S&P 500 gained 3.76% [1] - The upcoming earnings report on October 29, 2024, is expected to show earnings of $1.26 per share, reflecting a year-over-year growth of 27.27% [1] - The Zacks Consensus Estimate for revenue is projected at $5.85 billion, up 39.75% from the previous year [1] Full Year Estimates - For the full year, earnings are projected at $5.09 per share, representing a -7.12% change from the prior year, while revenue is expected to be $21.94 billion, reflecting a +24.13% change [2] - Recent analyst estimate revisions indicate optimism about Oneok's business and profitability, which are correlated with near-term share price momentum [2] Zacks Rank and Valuation - Oneok Inc. holds a Zacks Rank of 2 (Buy), with a proven track record of outperformance [3] - The Forward P/E ratio for Oneok is 18.95, which is a premium compared to the industry's average Forward P/E of 12.25 [3] - The PEG ratio for Oneok is 4.17, compared to the average PEG ratio of 1.33 for the Oil and Gas - Production Pipeline - MLB industry [3] Industry Overview - The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 107, placing it in the top 43% of over 250 industries [4] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating the strength of the industry groups [4]