ONEOK (OKE) To Report Q1 Earnings: What's In The Cards?
Zacks Investment Research | Apr 23, 2018 11:00PM ET
ONEOK, Inc. (NYSE:OKE) is scheduled to release first-quarter 2018 results on May 1, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 1.96%.
Let’s see, how things are shaping up for the upcoming quarter.
Factors to Consider
ONEOK expects to benefit from increased natural gas and natural gas liquids (NGL) production volume in the STACK & SCOOP areas and Williston & Permian basins along with ethane recovery in Mid-Continent.
The company completed two large-scale petrochemical crackers, which are likely to boost ethane demand in the Gulf Coast and drive EBITDA, which will be reflected in the upcoming quarterly results.
The Zacks Consensus Estimate for first-quarter 2018 earnings per share is pegged at 63 cents. The projected figure reflects an increase of 19.23% year over year. The Zacks Consensus Estimate moved up 5.4% in last 60 days.
Earnings Whispers
Our proven model does not show that ONEOK is likely to beat estimates this quarter. That is because a stock needs to have a positive Original post
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