HF Sinclair (DINO) Dips More Than Broader Markets: What You Should Know
HF Sinclair (DINO) closed the most recent trading day at $57.72, moving -0.89% from the previous trading session. This change lagged the S&P 500's 0.2% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Heading into today, shares of the independent energy company had gained 9.82% over the past month, outpacing the Oils-Energy sector's loss of 0.9% and the S&P 500's loss of 3.29% in that time.
Investors will be hoping for strength from HF Sinclair as it approaches its next earnings release, which is expected to be November 7, 2022. In that report, analysts expect HF Sinclair to post earnings of $4.72 per share. This would mark year-over-year growth of 268.75%. Meanwhile, our latest consensus estimate is calling for revenue of $8.47 billion, up 80.7% from the prior-year quarter.
DINO's full-year Zacks Consensus Estimates are calling for earnings of $14.26 per share and revenue of $35.26 billion. These results would represent year-over-year changes of +838.16% and +91.72%, respectively.
Investors might also notice recent changes to analyst estimates for HF Sinclair. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.09% higher. HF Sinclair is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that HF Sinclair has a Forward P/E ratio of 4.09 right now. This valuation marks a discount compared to its industry's average Forward P/E of 28.44.
It is also worth noting that DINO currently has a PEG ratio of 0.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Alternative Energy - Other industry currently had an average PEG ratio of 1.72 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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