Delek US Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Delek US Holdings crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share contracted.
Gross margins shrank, operating margins increased, net margins increased.
Delek US Holdings logged revenue of $2.00 billion. The two analysts polled by S&P Capital IQ predicted revenue of $1.24 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $989.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.07. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.17 per share on the same basis. GAAP EPS were -$0.10 for Q4 compared to -$1.30 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.5%, 220 basis points worse than the prior-year quarter. Operating margin was 0.3%, 70 basis points better than the prior-year quarter. Net margin was -0.3%, 690 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $685.7 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $6.49 billion. The average EPS estimate is $1.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 293 members out of 316 rating the stock outperform, and 23 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 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 $17.44.
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