Diamondback Energy Falls 2.5% as Q1 EPS Forecast Drops 50%
Diamondback Energy shares closed at $178.37, falling 2.46% and underperforming the broader market despite a 10.18% one-month rally versus the sector’s 6.06% gain. Analysts forecast Q1 EPS of $2.27 (−50% y/y) with revenue of $3.34 billion (−17.4% y/y) and full-year EPS of $9.28.
1. Stock Performance Overview
Shares closed at $178.37, down 2.46% for the session, compared to a 0.21% S&P 500 decline, a 0.07% Dow drop and a 0.01% Nasdaq uptick. Over the past month, the stock climbed 10.18%, outperforming the Oils-Energy sector’s 6.06% gain.
2. Quarterly and Full-Year Estimates
Analysts anticipate Q1 EPS of $2.27, reflecting a 50% decrease from last year, and revenue of $3.34 billion, down 17.37% year-over-year. Full-year consensus forecasts EPS of $9.28 (−30.59% y/y) and revenue of $13.52 billion (−10.04% y/y).
3. Valuation and Analyst Rating
The stock trades at a forward P/E of 19.71, above the industry average of 15.53, and carries a consensus analyst rating of 3 out of 5 following a 5.23% rise in EPS estimates over the past month.