ONEOK Q3 EPS $0.99
Portfolio Pulse from Benzinga Newsdesk
ONEOK (NYSE:OKE) reported Q3 earnings of $0.99 per share, missing the analyst consensus estimate of $1.08 by 8.33 percent. This is a 3.13 percent increase from last year. The company also reported quarterly sales of $4.19 billion, missing the analyst consensus estimate of $5.76 billion by 27.27 percent, a 29.17 percent decrease from last year.
October 31, 2023 | 8:46 pm
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NEGATIVE IMPACT
ONEOK's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
ONEOK's Q3 earnings and sales missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the stock price. The company's earnings increased slightly from last year, but this was overshadowed by the missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100