We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, HF Sinclair (DINO) Q3 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended September 2023, HF Sinclair (DINO - Free Report) reported revenue of $8.91 billion, down 16% over the same period last year. EPS came in at $4.06, compared to $4.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.18 billion, representing a surprise of +8.83%. The company delivered an EPS surprise of +11.23%, with the consensus EPS estimate being $3.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HF Sinclair performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Mid-Continent Region - Average per produced barrel - Refinery gross margin: $/ 21.81 versus the four-analyst average estimate of $/ 22.02.
West Region - Average per produced barrel - Refinery gross margin: $/ 29.85 versus the four-analyst average estimate of $/ 27.59.
Mid-Continent Region - Sales of produced refined products (BPD): 257.27 millions of barrels of oil per day versus 241.31 millions of barrels of oil per day estimated by four analysts on average.
Consolidated - Average per produced barrel - Refinery gross margin: 26.59 $/bbl compared to the 25.48 $/bbl average estimate based on four analysts.
Consolidated - Refinery throughput (BPD): 645.1 millions of barrels of oil per day versus 645.85 millions of barrels of oil per day estimated by three analysts on average.
Mid-Continent Region - Refinery throughput (BPD): 269.27 millions of barrels of oil per day compared to the 245.38 millions of barrels of oil per day average estimate based on three analysts.
Consolidated - Sales of produced refined products (BPD): 634.18 millions of barrels of oil per day versus the three-analyst average estimate of 637.99 millions of barrels of oil per day.
West Region - Sales of produced refined products (BPD): 376.91 millions of barrels of oil per day compared to the 397.46 millions of barrels of oil per day average estimate based on three analysts.
Sales and other revenues- Lubricants and Specialty Products: $686.69 million versus the four-analyst average estimate of $662.25 million. The reported number represents a year-over-year change of -16.6%.
Sales and other revenues- HEP: $158.36 million versus the four-analyst average estimate of $151.74 million. The reported number represents a year-over-year change of +6.3%.
Sales and other revenues- Refining: $8.05 billion versus the three-analyst average estimate of $5.83 billion. The reported number represents a year-over-year change of -16.5%.
Sales and other revenues- Renewables: $331.18 million compared to the $187.51 million average estimate based on two analysts.
Shares of HF Sinclair have returned +6.7% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, HF Sinclair (DINO) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, HF Sinclair (DINO - Free Report) reported revenue of $8.91 billion, down 16% over the same period last year. EPS came in at $4.06, compared to $4.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.18 billion, representing a surprise of +8.83%. The company delivered an EPS surprise of +11.23%, with the consensus EPS estimate being $3.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HF Sinclair performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Mid-Continent Region - Average per produced barrel - Refinery gross margin: $/ 21.81 versus the four-analyst average estimate of $/ 22.02.
- West Region - Average per produced barrel - Refinery gross margin: $/ 29.85 versus the four-analyst average estimate of $/ 27.59.
- Mid-Continent Region - Sales of produced refined products (BPD): 257.27 millions of barrels of oil per day versus 241.31 millions of barrels of oil per day estimated by four analysts on average.
- Consolidated - Average per produced barrel - Refinery gross margin: 26.59 $/bbl compared to the 25.48 $/bbl average estimate based on four analysts.
- Consolidated - Refinery throughput (BPD): 645.1 millions of barrels of oil per day versus 645.85 millions of barrels of oil per day estimated by three analysts on average.
- Mid-Continent Region - Refinery throughput (BPD): 269.27 millions of barrels of oil per day compared to the 245.38 millions of barrels of oil per day average estimate based on three analysts.
- Consolidated - Sales of produced refined products (BPD): 634.18 millions of barrels of oil per day versus the three-analyst average estimate of 637.99 millions of barrels of oil per day.
- West Region - Sales of produced refined products (BPD): 376.91 millions of barrels of oil per day compared to the 397.46 millions of barrels of oil per day average estimate based on three analysts.
- Sales and other revenues- Lubricants and Specialty Products: $686.69 million versus the four-analyst average estimate of $662.25 million. The reported number represents a year-over-year change of -16.6%.
- Sales and other revenues- HEP: $158.36 million versus the four-analyst average estimate of $151.74 million. The reported number represents a year-over-year change of +6.3%.
- Sales and other revenues- Refining: $8.05 billion versus the three-analyst average estimate of $5.83 billion. The reported number represents a year-over-year change of -16.5%.
- Sales and other revenues- Renewables: $331.18 million compared to the $187.51 million average estimate based on two analysts.
View all Key Company Metrics for HF Sinclair here>>>Shares of HF Sinclair have returned +6.7% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.