What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings

Analysts on Wall Street project that Oneok Inc. (OKE) will announce quarterly earnings of $1.45 per share in its forthcoming report, representing an increase of 22.9% year over year. Revenues are projected to reach $9.42 billion, increasing 87.5% from the same quarter last year.The current level reflects an upward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.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 investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer 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.The collective assessment of analysts points to an estimated 'Revenues- Natural Gas Gathering and processing' of $1.32 billion. The estimate indicates a change of +45.6% from the prior-year quarter.Analysts' assessment points toward 'Revenues- Natural Gas Pipelines' reaching $285.30 million. The estimate indicates a year-over-year change of +66.8%.Analysts expect 'Revenues- Refined Products & Crude' to come in at $1.85 billion. The estimate suggests a change of +92% year over year.Analysts predict that the 'Revenues- Natural gas liquids' will reach $2.84 billion. The estimate indicates a change of -22.7% from the prior-year quarter.Analysts forecast 'Raw feed throughput - Natural Gas Liquids' to reach 1,542.23 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 1,324.00 thousands of barrels of oil per day.The average prediction of analysts places 'Adjusted EBITDA- Natural Gas Liquids' at $769.06 million. The estimate compares to the year-ago value of $624.00 million.The combined assessment of analysts suggests that 'Adjusted EBITDA- Natural Gas Pipelines' will likely reach $181.14 million. Compared to the current estimate, the company reported $166.00 million in the same quarter of the previous year.Based on the collective assessment of analysts, 'Adjusted EBITDA- Natural Gas Gathering and Processing' should arrive at $568.09 million. Compared to the current estimate, the company reported $318.00 million in the same quarter of the previous year. View all Key Company Metrics for Oneok here>>> Oneok shares have witnessed a change of -5% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #4 (Sell), OKE is expected underperform 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 Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks