Delek US Holdings (DK) got here out with a quarterly lack of $0.88 per share versus the Zacks Consensus Estimate of a lack of $1.01. This compares to lack of $0.48 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 12.87%. 1 / 4 in the past, it was anticipated that this refinery operator would submit a lack of $1.38 per share when it really produced a lack of $1.69, delivering a shock of -22.46%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Delek US Holdings, which belongs to the Zacks Oil and Gasoline – Refining and Advertising business, posted revenues of $2.19 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 11.92%. This compares to year-ago revenues of $1.54 billion. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Delek US Holdings shares have added about 6.5% for the reason that starting of the yr versus the S&P 500’s acquire of 16.8%.
What’s Subsequent for Delek US Holdings?
Whereas Delek US Holdings has underperformed the market thus far this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Delek US Holdings was unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Robust Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the entire listing of right this moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.24 on $2.14 billion in revenues for the approaching quarter and -$3.41 on $8.64 billion in revenues for the present fiscal yr.
Traders needs to be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Oil and Gasoline – Refining and Advertising is at present within the backside 1% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Delek US Holdings, Inc. (DK): Free Inventory Evaluation Report
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