Diamondback Energy(US:FANG) ZACKSยท2025-02-12 00:21Company Performance - Diamondback Energy (FANG) closed at $162.01, reflecting a +0.22% change from the previous day, outperforming the S&P 500 which gained 0.03% [1] - Over the past month, Diamondback Energy shares experienced a loss of 8.98%, underperforming the Oils-Energy sector's gain of 0.76% and the S&P 500's gain of 4.19% [1] Upcoming Earnings - Diamondback Energy is set to announce its earnings on February 24, 2025, with analysts expecting earnings of $3.29 per share, representing a year-over-year decline of 30.59% [2] - The consensus estimate for revenue is $3.4 billion, indicating a 52.72% increase compared to the same quarter of the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Diamondback Energy are being monitored, as positive revisions are seen as a favorable indicator for the company's business outlook [3] - The Zacks Rank system, which reflects these estimate changes, provides a functional rating system for stocks [4] Zacks Rank and Valuation - Diamondback Energy currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate moving 0.37% lower over the last 30 days [5] - The company is trading at a Forward P/E ratio of 10.49, which is a premium compared to the industry average Forward P/E of 9.37 [6] - The PEG ratio for Diamondback Energy is 1.26, compared to the industry average PEG ratio of 1.33 [6] Industry Overview - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 52, placing it in the top 21% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]