Published on 2 Feb 2023 on Zacks via Yahoo Finance
Why Oneok (OKE) Could Beat Earnings Estimates Again
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Oneok Inc. (OKE). This company, which is in the Zacks Oil and Gas - Production Pipeline - MLB industry, shows potential for another earnings beat.
When looking at the last two reports, this natural gas company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.37%, on average, in the last two quarters.
For the most recent quarter, Oneok was expected to post earnings of $0.93 per share, but it reported $0.96 per share instead, representing a surprise of 3.23%. For the previous quarter, the consensus estimate was $0.84 per share, while it actually produced $0.92 per share, a surprise of 9.52%.