Analysts Estimate Delek US Holdings (DK) to Report a Decline in Earnings: What to Look Out for

Company Overview - Delek US Holdings (DK) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024, with a consensus estimate of a loss of $1.71 per share, reflecting a change of -184.7$3.09 billion, down 34.9% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for November 6, 2024, and could lead to stock price movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 26.14% lower in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP for Delek US Holdings is +3.32%, suggesting a more optimistic outlook from analysts compared to the consensus estimate [10] - Despite the positive Earnings ESP, the company holds a Zacks Rank of 5 (Strong Sell), complicating predictions of an earnings beat [10] Historical Performance - In the last reported quarter, Delek US Holdings had a surprise of +35.21%, posting a loss of $0.92 per share against an expected loss of$1.42 [11] - Over the past four quarters, the company has beaten consensus EPS estimates three times [12] Industry Context - Marathon Petroleum (MPC), another player in the Oil and Gas - Refining and Marketing industry, is expected to report earnings of $0.97 per share for the same quarter, indicating a year-over-year change of -88.1$31.58 billion, down 24.1% from the previous year [16]