Industry Analysts Just Made A Substantial Upgrade To Their ONEOK, Inc. (NYSE:OKE) Revenue Forecasts

Shareholders in ONEOK, Inc. (NYSE:OKE) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that ONEOK will make substantially more sales than they'd previously expected.

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After the upgrade, the nine analysts covering ONEOK are now predicting revenues of US$28b in 2025. If met, this would reflect a solid 12% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to expand 12% to US$5.41. Previously, the analysts had been modelling revenues of US$25b and earnings per share (EPS) of US$5.43 in 2025. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

See our latest analysis for ONEOK

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 17% growth on an annualised basis. That is in line with its 17% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.5% annually. So although ONEOK is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at ONEOK.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple ONEOK analysts - going out to 2027, and you can see them free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.