Unveiling Oneok (OKE) Q4 Outlook: Wall Street Estimates for Key Metrics

The upcoming report from Oneok Inc. (OKE) is expected to reveal quarterly earnings of $1.45 per share, indicating an increase of 22.9% compared to the year-ago period. Analysts forecast revenues of $6.56 billion, representing an increase of 25.2% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.Bearing this in mind, let's now explore the average estimates of specific Oneok metrics that are commonly monitored and projected by Wall Street analysts.Analysts expect 'Adjusted EBITDA- Natural Gas Liquids' to come in at $639.37 million. The estimate is in contrast to the year-ago figure of $613 million.The consensus estimate for 'Adjusted EBITDA- Natural Gas Pipelines' stands at $167.62 million. Compared to the present estimate, the company reported $132 million in the same quarter last year.The combined assessment of analysts suggests that 'Adjusted EBITDA- Natural Gas Gathering and Processing' will likely reach $317.21 million. Compared to the present estimate, the company reported $323 million in the same quarter last year.View all Key Company Metrics for Oneok here>>>Oneok shares have witnessed a change of -10.2% in the past month, in contrast to the Zacks S&P 500 composite's +4.7% move. With a Zacks Rank #3 (Hold), OKE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONEOK, Inc. (OKE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks