In the latest close session, Diamondback Energy (FANG) was up +2.47% at $151.21. This change outpaced the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
The stock of energy exploration and production company has fallen by 4.22% in the past month, lagging the Oils-Energy sector's gain of 0.24% and the S&P 500's gain of 2.26%.
The investment community will be closely monitoring the performance of Diamondback Energy in its forthcoming earnings report. The company is scheduled to release its earnings on February 23, 2026. In that report, analysts expect Diamondback Energy to post earnings of $2.47 per share. This would mark a year-over-year decline of 32.14%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.37 billion, indicating a 9.06% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.96 per share and revenue of $14.51 billion, which would represent changes of -21.79% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Diamondback Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.54% downward. Diamondback Energy is currently a Zacks Rank #3 (Hold).
In terms of valuation, Diamondback Energy is presently being traded at a Forward P/E ratio of 14.1. This signifies a premium in comparison to the average Forward P/E of 10.78 for its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 197, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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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