Time New York: Sun 22 Oct 18:37 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Can Delek US Holdings (DK) Run Higher on Strong Earnings Estimate Revisions?

Zacks

Delek US Holdings, Inc. DK is a petroleum refining and transportation services provider 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, two estimates have gone higher for Delek US Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 3 cents a share 30 days ago, to 13 cents today, a move of 333.3%.

Current Year Estimates for DK

Meanwhile, Delek US Holdings’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 23 cents per share 30 days ago to a loss of 17 cents per share today, an increase of 26.1%.

Delek US Holdings, Inc. Price and Consensus

Delek US Holdings, Inc. Price and Consensus | Delek US Holdings, Inc. Quote


Bottom Line

The stock has also started to move higher lately, adding 9.5% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

3 Stocks to Ride a 588% Revenue Explosion

At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold…

By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.