In the latest trading session, HF Sinclair (DINO) closed at $53.13, marking a +1.22% move from the previous day. This change lagged the S&P 500's 1.53% gain on the day. Elsewhere, the Dow gained 1.19%, while the tech-heavy Nasdaq added 0.14%.
Coming into today, shares of the independent energy company had gained 3.65% in the past month. In that same time, the Oils-Energy sector gained 3.93%, while the S&P 500 lost 3.1%.
Wall Street will be looking for positivity from HF Sinclair as it approaches its next earnings report date. On that day, HF Sinclair is projected to report earnings of $4.24 per share, which would represent year-over-year growth of 231.25%. Our most recent consensus estimate is calling for quarterly revenue of $8.47 billion, up 80.7% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.31 per share and revenue of $35.26 billion, which would represent changes of +775.66% and +91.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for HF Sinclair. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.8% higher. HF Sinclair is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, HF Sinclair currently has a Forward P/E ratio of 3.94. For comparison, its industry has an average Forward P/E of 29.31, which means HF Sinclair is trading at a discount to the group.
Meanwhile, DINO's PEG ratio is currently 0.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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