Diamondback Energy (FANG) closed at $144.40 in the latest trading session, marking a -1% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 1.86%.
Heading into today, shares of the energy exploration and production company had lost 1.61% over the past month, outpacing the Oils-Energy sector's loss of 1.86% and lagging the S&P 500's gain of 2.45%.
Investors will be eagerly watching for the performance of Diamondback Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2025. In that report, analysts expect Diamondback Energy to post earnings of $2.79 per share. This would mark a year-over-year decline of 17.46%. Meanwhile, our latest consensus estimate is calling for revenue of $3.42 billion, up 29.14% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.61 per share and a revenue of $14.23 billion, signifying shifts of -23.9% and +28.62%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Diamondback Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, there's been a 0.23% fall in the Zacks Consensus EPS estimate. At present, Diamondback Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Diamondback Energy is presently being traded at a Forward P/E ratio of 11.57. This expresses a premium compared to the average Forward P/E of 10.49 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 207, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Diamondback Energy, Inc. (FANG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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