ONEOK (NYSE:OKE) reported its Q4 earnings results on Monday, February 28, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
ONEOK missed estimated earnings by 4.49%, reporting an EPS of $0.85 versus an estimate of $0.89.
Revenue was up $2.85 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 0.23% drop in the share price the next day.
Here's a look at ONEOK's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 0.75 | 0.76 | 0.73 |
| EPS Actual | 0.88 | 0.77 | 0.86 | 0.69 |
| Revenue Estimate | 3.72B | 2.98B | 2.78B | 2.61B |
| Revenue Actual | 4.54B | 3.39B | 3.19B | 2.57B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ONEOK management provided guidance for their next quarter, expecting earnings between $3.45 and $4.07 per share for the next quarter.
This represents a 342.35% in quarter-over-quarter growth for ONEOK, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
