Delek US Holdings (DK) Reports Q3 Loss, Misses Revenue Estimates

Core Viewpoint - Delek US Holdings reported a quarterly loss of $1.45 per share, which was better than the Zacks Consensus Estimate of a loss of$1.71, indicating a 15.20% earnings surprise [1]. Financial Performance - The company posted revenues of $3.04 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.56$4.75 billion a year ago [2]. - Over the last four quarters, Delek US Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2]. Stock Performance - Delek US Holdings shares have declined approximately 38.3% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3]. - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$1.94 on revenues of$2.47 billion, and for the current fiscal year, it is -$4.66 on revenues of$12.12 billion [7]. - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6]. Industry Context - The Oil and Gas - Refining and Marketing industry is currently ranked in the bottom 2% of over 250 Zacks industries, suggesting a challenging environment for companies within this sector [8].