Delek US Holdings (DK) Outpaces Stock Market Gains: What You Should Know
Delek US Holdings (DK) closed at $26.23 in the latest trading session, marking a +1.35% move from the prior day. This move outpaced the S&P 500's daily gain of 0.69%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today, shares of the refinery operator had lost 10.11% in the past month. In that same time, the Oils-Energy sector lost 0.21%, while the S&P 500 lost 9.94%.
Wall Street will be looking for positivity from Delek US Holdings as it approaches its next earnings report date. On that day, Delek US Holdings is projected to report earnings of $3.27 per share, which would represent year-over-year growth of 2415.38%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.24 billion, up 43.28% from the year-ago period.
DK's full-year Zacks Consensus Estimates are calling for earnings of $9.39 per share and revenue of $18.69 billion. These results would represent year-over-year changes of +409.9% and +75.53%, respectively.
Any recent changes to analyst estimates for Delek US Holdings should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.35% higher. Delek US Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Delek US Holdings has a Forward P/E ratio of 2.76 right now. For comparison, its industry has an average Forward P/E of 5.33, which means Delek US Holdings is trading at a discount to the group.
Also, we should mention that DK has a PEG ratio of 0.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DK's industry had an average PEG ratio of 0.46 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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