ONEOK Q4 EPS $1.18 Misses $1.20 Estimate, Sales $5.24B Miss $5.89B Estimate
Portfolio Pulse from Happy Mohamed
ONEOK (NYSE:OKE) reported Q4 earnings of $1.18 per share, missing the consensus estimate of $1.20, and sales of $5.24B, missing the estimate of $5.89B. Despite the misses, earnings and sales increased from the same period last year.
February 26, 2024 | 9:38 pm
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NEGATIVE IMPACT
ONEOK reported Q4 earnings and sales that missed analyst estimates, with earnings per share at $1.18 and sales at $5.24B.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year growth in both metrics may provide some buffer against a significant drop.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100