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Diamondback Energy (FANG) Declines More Than Market: Some Information for Investors
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Diamondback Energy (FANG - Free Report) ended the recent trading session at $197.14, demonstrating a -1.89% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
Shares of the energy exploration and production company have appreciated by 8.23% over the course of the past month, underperforming the Oils-Energy sector's gain of 8.71%, and outperforming the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Diamondback Energy in its upcoming release. The company plans to announce its earnings on November 2, 2026. The company's upcoming EPS is projected at $4.8, signifying a 55.84% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $4.29 billion, showing a 9.45% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $21.04 per share and revenue of $18.99 billion. These totals would mark changes of +57.37% and +26.38%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 3.51% higher within the past month. Diamondback Energy is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Diamondback Energy's current valuation metrics, including its Forward P/E ratio of 9.55. This expresses no noticeable deviation compared to the average Forward P/E of 9.55 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Diamondback Energy (FANG) Declines More Than Market: Some Information for Investors
Diamondback Energy (FANG - Free Report) ended the recent trading session at $197.14, demonstrating a -1.89% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
Shares of the energy exploration and production company have appreciated by 8.23% over the course of the past month, underperforming the Oils-Energy sector's gain of 8.71%, and outperforming the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Diamondback Energy in its upcoming release. The company plans to announce its earnings on November 2, 2026. The company's upcoming EPS is projected at $4.8, signifying a 55.84% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $4.29 billion, showing a 9.45% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $21.04 per share and revenue of $18.99 billion. These totals would mark changes of +57.37% and +26.38%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 3.51% higher within the past month. Diamondback Energy is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Diamondback Energy's current valuation metrics, including its Forward P/E ratio of 9.55. This expresses no noticeable deviation compared to the average Forward P/E of 9.55 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.