Delek US Holdings (NYS: DK) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Delek US Holdings crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins improved, net margins grew.
Delek US Holdings booked revenue of $2.13 billion. The one analyst polled by S&P Capital IQ wanted to see sales of $1.66 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $1.85 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 $1.17. The seven earnings estimates compiled by S&P Capital IQ averaged $1.03 per share. GAAP EPS of $1.15 for Q2 were 20% higher than the prior-year quarter's $0.96 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 7.6%, 410 basis points worse than the prior-year quarter. Operating margin was 5.5%, 50 basis points better than the prior-year quarter. Net margin was 3.2%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.00 billion. On the bottom line, the average EPS estimate is $0.92.
Next year's average estimate for revenue is $7.11 billion. The average EPS estimate is $3.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 304 members out of 328 rating the stock outperform, and 24 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Delek US Holdings a green thumbs-up, and eight 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 $20.50.
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The article Delek US Holdings Beats Up on Analysts Yet Again originally appeared on Fool.com.
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