Market Overview

Diamondback Energy's Earnings Preview

In The December Bloodbath, These Hidden Factors Might Be Prompting Traders To Buy
Benzinga's Top Upgrades, Downgrades For December 20, 2018

On Tuesday, Diamondback Energy (NASDAQ: FANG) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Analysts predict Diamondback Energy will report earnings of $1.51 on revenue of $361.36 million.

In the same quarter last year, Diamondback Energy reported earnings per share of 90 cents per share on sales of $185 million. The Wall Street consensus estimate for earnings would represent a 67.78 percent increase for the company. Revenue would be up 95.32 percent from the same quarter last year.

Diamondback Energy's reported EPS has stacked up against analyst estimates in the past like this:


Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 1.2 0.94 0.6 0.53
EPS Actual 1.33 1.4 1.04 0.9


Q4 EPS Estimate: $1.51
Q4 Revenues Estimate: $361 million

Stock Performance

Over the last 52-week period, shares are up 6.33 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Diamondback Energy stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas


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