Delek US Q1 Adj EPS $(0.41) Beats $(0.45) Estimate, Sales $3.230B Miss $3.281B Estimate
Portfolio Pulse from Benzinga Newsdesk
Delek US Holdings (NYSE:DK) reported Q1 adjusted EPS of $(0.41), beating estimates by 8.89% but showing a 129.93% decrease from last year's earnings. Sales were $3.230B, missing estimates by 1.57% and marking a 17.69% decrease from the previous year.
May 07, 2024 | 11:05 am
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NEGATIVE IMPACT
Delek US Holdings reported a Q1 adjusted EPS of $(0.41), surpassing estimates but showing a significant decrease from the previous year. Sales fell short of expectations and decreased year-over-year.
The mixed earnings report, with an EPS beat but a significant year-over-year decline and sales miss, is likely to have a negative short-term impact on DK's stock price. Investors may be concerned about the substantial decrease in earnings and sales compared to the previous year, overshadowing the EPS beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100