Evaluate the expected performance of HF Sinclair (DINO) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Beyond analysts' top -and-bottom-line estimates for HF Sinclair (DINO), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
HF Sinclair (DINO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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HF Sinclair (DINO) is upgraded to a BUY as the stock hits my previous $33-$35/share target, despite Q4 expected to be the weakest quarter. Crack spreads have shown a sustained recovery since December, indicating potential margin recovery and profitability improvements in the refining sector. Significant trading volume in late December suggests a shift in market behavior, with expectations of increased profitability in 2025.
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HF Sinclair reported a net loss in the third quarter due to weak crack spreads. The loss was offset by stronger performance in the mid-con region, as well as consistent earnings from the company's lubricants and midstream businesses. As refineries close in California due to regulatory burden and high costs, DINO's Midwest assets stand to benefit by filling the gap in lost supply.
HF Sinclair Corporation (DINO) Q3 2024 Earnings Call Transcript
HF Sinclair (DINO) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $4.06 per share a year ago.
Refiner HF Sinclair reported a loss in third-quarter profit on Thursday, hurt by a slump in margins, especially in the West and Mid-Continent regions, due to an oversupply.
HF Sinclair (DINO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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