Analysts Estimate Oneok Inc. (OKE) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Oneok Inc. despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Oneok is expected to report quarterly earnings of $1.49 per share, reflecting a year-over-year decrease of 5.1%, while revenues are projected to be $9.49 billion, an increase of 35.6% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 2.62% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][11]. Earnings Surprise Prediction - The Zacks Earnings ESP for Oneok is -0.72%, suggesting analysts have become more pessimistic, and the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Oneok exceeded the expected earnings of $1.46 per share by delivering $1.49, resulting in a surprise of +2.05%. Over the past four quarters, the company has beaten consensus EPS estimates twice [12][13]. Market Reaction Factors - An earnings beat or miss alone may not dictate stock movement, as other factors can influence investor sentiment. Stocks may decline despite an earnings beat or rise despite a miss [14][16].