ONEOK Inc (OKE, Financial) is set to release its Q2 2024 earnings on Aug 6, 2024. The consensus estimate for Q2 2024 revenue is $6.08 billion, and the earnings are expected to come in at $1.21 per share. The full year 2024's revenue is expected to be $23.13 billion and the earnings are expected to be $5.01 per share. More detailed estimate data can be found on the Estimates page.
ONEOK Inc (OKE, Financial) Estimates Trends
Revenue estimates for ONEOK Inc (OKE) for the full year 2024 have declined from $23.31 billion to $23.13 billion and increased for 2025 from $23.95 billion to $24.84 billion over the past 90 days. Earnings estimates for ONEOK Inc (OKE) have increased from $4.98 per share to $5.01 per share for the full year 2024 and from $5.62 per share to $5.63 per share for 2025 over the past 90 days.
ONEOK Inc (OKE, Financial) Reported History
In the previous quarter of March 31, 2024, ONEOK Inc's (OKE) actual revenue was $4.78 billion, which missed analysts' revenue expectations of $6.15 billion by -22.27%. ONEOK Inc's (OKE) actual earnings were $1.09 per share, which missed analysts' earnings expectations of $1.144 per share by -4.72%. After releasing the results, ONEOK Inc (OKE) was down by -2.78% in one day.
ONEOK Inc (OKE, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 16 analysts, the average target price for ONEOK Inc (OKE) is $86.51 with a high estimate of $93 and a low estimate of $80. The average target implies an upside of 7.91% from the current price of $80.17.
Based on GuruFocus estimates, the estimated GF Value for ONEOK Inc (OKE, Financial) in one year is $68.12, suggesting a downside of -15.03% from the current price of $80.17.
Based on the consensus recommendation from 20 brokerage firms, ONEOK Inc's (OKE, Financial) average brokerage recommendation is currently 2.4, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
