Delek Logistics Partners Q4 EPS $0.51 Misses $0.89 Estimate, Sales $254.15M Miss $278.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek Logistics Partners (DKL) reported Q4 earnings of $0.51 per share, missing the consensus estimate of $0.89 by 42.7%, and a 47.96% decrease from last year's $0.98. Quarterly sales were $254.15M, missing the $278.26M estimate by 8.66%, and a 5.54% decrease from last year's $269.05M.
February 27, 2024 | 12:31 pm
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NEGATIVE IMPACT
Delek Logistics Partners reported a significant miss in both earnings per share and sales for Q4, with a notable decrease from the previous year's figures.
Missing both earnings per share and sales estimates significantly, especially with such a large year-over-year decrease, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100