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Delek US Holdings (DK) Stock Moves -1.84%: What You Should Know
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Delek US Holdings (DK - Free Report) closed at $29.95 in the latest trading session, marking a -1.84% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the refinery operator had gained 6.38% over the past month, outpacing the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Delek US Holdings as it approaches its next earnings release, which is expected to be November 7, 2022. The company is expected to report EPS of $2.85, up 2092.31% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.24 billion, up 43.28% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.70 per share and revenue of $18.69 billion. These totals would mark changes of +387.13% and +75.53%, respectively, from last year.
Any recent changes to analyst estimates for Delek US Holdings should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Delek US Holdings currently has a Zacks Rank of #3 (Hold).
Investors should also note Delek US Holdings's current valuation metrics, including its Forward P/E ratio of 3.51. This valuation marks a discount compared to its industry's average Forward P/E of 5.72.
We can also see that DK currently has a PEG ratio of 0.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 0.47 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Delek US Holdings (DK) Stock Moves -1.84%: What You Should Know
Delek US Holdings (DK - Free Report) closed at $29.95 in the latest trading session, marking a -1.84% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the refinery operator had gained 6.38% over the past month, outpacing the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Delek US Holdings as it approaches its next earnings release, which is expected to be November 7, 2022. The company is expected to report EPS of $2.85, up 2092.31% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.24 billion, up 43.28% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.70 per share and revenue of $18.69 billion. These totals would mark changes of +387.13% and +75.53%, respectively, from last year.
Any recent changes to analyst estimates for Delek US Holdings should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Delek US Holdings currently has a Zacks Rank of #3 (Hold).
Investors should also note Delek US Holdings's current valuation metrics, including its Forward P/E ratio of 3.51. This valuation marks a discount compared to its industry's average Forward P/E of 5.72.
We can also see that DK currently has a PEG ratio of 0.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 0.47 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.