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Increased Earnings Estimates Seen for Delek US Holdings (DK): Can It Move Higher?
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Delek US Holdings, Inc. (DK - Free Report) is an Oil Refining and Marketing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Delek US Holdings could be a solid choice for investors.
Current Quarter Estimates for DK
In the past 30 days, 3 estimates has gone higher for Delek US Holdings while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from loss of 28 cents per share 30 days ago, to loss of 12 cents today, a move of 57.1%.
Meanwhile, Delek US Holdings current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates narrowing from loss of $2.05 per share 30 days ago, to loss of $1.50 today, a move of 26.8%.
Bottom Line
The stock has also started to move higher lately, adding 31.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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Increased Earnings Estimates Seen for Delek US Holdings (DK): Can It Move Higher?
Delek US Holdings, Inc. (DK - Free Report) is an Oil Refining and Marketing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Delek US Holdings could be a solid choice for investors.
Current Quarter Estimates for DK
In the past 30 days, 3 estimates has gone higher for Delek US Holdings while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from loss of 28 cents per share 30 days ago, to loss of 12 cents today, a move of 57.1%.
Current Year Estimates for DK
DELEK US HLDGS Price and Consensus
DELEK US HLDGS Price and Consensus | DELEK US HLDGS Quote
Meanwhile, Delek US Holdings current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates narrowing from loss of $2.05 per share 30 days ago, to loss of $1.50 today, a move of 26.8%.
Bottom Line
The stock has also started to move higher lately, adding 31.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>