New Forecasts: Here's What Analysts Think The Future Holds For Delek US Holdings, Inc. (NYSE:DK)

Shareholders in Delek US Holdings, Inc. (NYSE:DK) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the latest upgrade, the current consensus, from the ten analysts covering Delek US Holdings, is for revenues of US$12b in 2023, which would reflect a stressful 39% reduction in Delek US Holdings' sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$11b in 2023. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

View our latest analysis for Delek US Holdings

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 39% annualised revenue decline to the end of 2023. That is a notable change from historical growth of 14% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 5.6% annually for the foreseeable future. So it's pretty clear that Delek US Holdings' revenues are expected to shrink faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Delek US Holdings this year. Analysts also expect revenues to shrink faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Delek US Holdings.

Need some more information? We have analyst estimates for Delek US Holdings going out to 2025, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.