Delek US Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Delek US Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased significantly.
Gross margins dropped, operating margins grew, net margins grew.
Delek US Holdings logged revenue of $2.32 billion. The two analysts polled by S&P Capital IQ expected revenue of $2.01 billion on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $2.17 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 $1.28. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.18 per share. GAAP EPS of $1.28 for Q1 were 62% higher than the prior-year quarter's $0.79 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 8.1%, 180 basis points worse than the prior-year quarter. Operating margin was 5.8%, 190 basis points better than the prior-year quarter. Net margin was 3.3%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.06 billion. On the bottom line, the average EPS estimate is $1.43.
Next year's average estimate for revenue is $7.49 billion. The average EPS estimate is $4.51.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 317 members out of 339 rating the stock outperform, and 22 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Delek US Holdings a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Delek US Holdings is hold, with an average price target of $42.14.
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