Diamondback Energy (FANG) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Diamondback Energy (FANG) despite higher revenues when it reports its results for the quarter ended September 2025 [1][3]. Earnings Expectations - Diamondback is expected to report quarterly earnings of $2.79 per share, reflecting a year-over-year decrease of 17.5% [3]. - Revenues are projected to reach $3.42 billion, which is an increase of 29.1% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.75% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Diamondback is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +4.26% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading indicates a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Diamondback currently holds a Zacks Rank of 3, suggesting a potential to beat the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Diamondback exceeded the expected earnings of $2.63 per share by delivering $2.67, resulting in a surprise of +1.52% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - In the broader industry context, CNX Resources Corporation is expected to post earnings of $0.4 per share for the quarter ended September 2025, indicating a year-over-year change of -2.4% [18]. - CNX Resources' revenue is projected to be $385.67 million, up 9% from the previous year, but it has a negative Earnings ESP of -5.32% [19][20].