Diamondback Energy (FANG) Surpasses Market Returns: Some Facts Worth Knowing

Group 1 - Diamondback Energy's stock increased by 2.05% to $140.87, outperforming the S&P 500's gain of 0.8% for the day [1] - Over the past month, Diamondback Energy shares appreciated by 1.29%, underperforming the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 5.12% [1] Group 2 - The upcoming earnings report for Diamondback Energy is expected to show an EPS of $2.72, a decline of 39.82% year-over-year, while revenue is projected to be $3.41 billion, reflecting a 37.23% increase from the same quarter last year [2] - Full-year Zacks Consensus Estimates predict earnings of $13.2 per share and revenue of $14.05 billion, indicating year-over-year changes of -20.34% and +26.94%, respectively [3] Group 3 - Recent changes in analyst estimates for Diamondback Energy suggest a correlation with near-term stock prices, with positive adjustments indicating analyst optimism regarding business and profitability [3][4] - The Zacks Rank system, which includes estimate changes, currently ranks Diamondback Energy at 3 (Hold) [5] Group 4 - Diamondback Energy has a Forward P/E ratio of 10.46, which is slightly below the industry average Forward P/E of 10.49 [6] - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 167, placing it in the bottom 33% of over 250 industries [6] Group 5 - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]