For its second fiscal quarter (ending June 30), Delek US Holdings Inc (NYSE: DK) has reported E.P.S. of $-0.58 compared to $-0.13 a year ago. Relative to the consensus estimate of $-1.33, this was a premium of $0.75. E.P.S. were $-1.68 for the latest four quarters through June 30 versus $-0.78 for the same period a year ago.
Recent Price Action
On 8/6/24, Delek US Holdings Inc (NYSE: DK) stock suffered a major decline of -11.0%, closing at $19.34. Moreover, trading volume in this decline was exceptionally high at 292% of normal. Relative to the market the stock has been weak over the last nine months and has declined -16.4% during the last week.
Current PriceTarget Research Rating
DK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Delek US Holdings has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Delek US Holdings has a slightly negative Appreciation Score of 31 and a very low Power Rating of 13, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment