What to Expect from ONEOK Partners

ONEOK Partners (NYSE: OKS  ) is expected to report Q1 earnings on April 30. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ONEOK Partners's revenues will expand 4.7% and EPS will decrease -35.2%.

The average estimate for revenue is $2.72 billion. On the bottom line, the average EPS estimate is $0.59.

Revenue details
Last quarter, ONEOK Partners booked revenue of $2.92 billion. GAAP reported sales were 7.0% lower than the prior-year quarter's $3.14 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.66. GAAP EPS of $0.66 for Q4 were 48% lower than the prior-year quarter's $1.26 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 13.7%, 210 basis points worse than the prior-year quarter. Operating margin was 7.7%, 240 basis points worse than the prior-year quarter. Net margin was 7.2%, 230 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.23 billion. The average EPS estimate is $2.46.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 658 members out of 675 rating the stock outperform, and 17 members rating it underperform. Among 230 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 226 give ONEOK Partners a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK Partners is hold, with an average price target of $64.31.

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