ONEOK, Inc. (NYSE:OKE) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to US$95.77 in the week after its latest full-year results. Results were roughly in line with estimates, with revenues of US$22b and statutory earnings per share of US$5.17. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for ONEOK

After the latest results, the seven analysts covering ONEOK are now predicting revenues of US$28.0b in 2025. If met, this would reflect a huge 29% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 13% to US$5.88. In the lead-up to this report, the analysts had been modelling revenues of US$28.0b and earnings per share (EPS) of US$5.96 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of US$110, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on ONEOK, with the most bullish analyst valuing it at US$147 and the most bearish at US$89.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting ONEOK's growth to accelerate, with the forecast 29% annualised growth to the end of 2025 ranking favourably alongside historical growth of 17% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.4% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect ONEOK to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$110, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on ONEOK. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple ONEOK analysts - going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for ONEOK that you need to take into consideration.

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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.