Delek US Holdings Inc (NYSE: DK) has reported earnings for its third fiscal quarter (ending September 30) of $1.98 versus $0.11 for the same period a year ago — an increase of 1700%. This performance was $0.59 better than the consensus estimate of $1.39. For the latest four quarters through September 30, E.P.S. were $1.07 compared to $5.08 a year ago — a decline of -79%.
Recent Price Action
Delek US Holdings Inc (NYSE: DK) stock increased 1.3% on 11/7/23. The shares closed at $26.14. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DK is expected to continue to be a modest Value Builder.
Delek US Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Delek US Holdings has a good Appreciation Score of 79 and a very high Power Rating of 96, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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