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Delek US Holdings (DK) Earnings Expected to Grow: Should You Buy?
The market expects Delek US Holdings (DK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
This refinery operator is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +156%.
Revenues are expected to be $3.03 billion, up 22.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
How Have the Numbers Shaped Up for Delek US Holdings?
For Delek US Holdings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.18%.
So, this combination makes it difficult to conclusively predict that Delek US Holdings will beat the consensus EPS estimate.
For the last reported quarter, it was expected that Delek US Holdings would post earnings of $1.99 per share when it actually produced earnings of $2.02, delivering a surprise of +1.51%.
Delek US Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.