Delek US Holdings Blows Past Estimates
Delek US Holdings (NYS: DK) reported earnings May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Delek US Holdings crushed expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins grew, net margins expanded.
Delek US Holdings booked revenue of $2.17 billion. The two analysts polled by S&P Capital IQ expected sales of $1.18 billion on the same basis. GAAP reported sales were 90% higher than the prior-year quarter's $1.14 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.79. The five earnings estimates compiled by S&P Capital IQ averaged $0.60 per share. GAAP EPS of $0.79 for Q1 were 155% higher than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.0%, 530 basis points worse than the prior-year quarter. Operating margin was 3.9%, 80 basis points better than the prior-year quarter. Net margin was 2.1%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.39 billion. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $6.53 billion. The average EPS estimate is $2.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 297 members rating the stock outperform and 23 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Delek US Holdings a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Delek US Holdings is outperform, with an average price target of $17.40.
Is Delek US Holdings the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Delek US Holdings to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.