Valero Energy Earnings Preview: Analysts Expect Higher EPS, Revenue
Valero Energy (NYSE: VLO) unveils its next round of earnings this Tuesday, November 1, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $1.73/share and revenues of $31.39 billion. Valero Energy's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 51 cents/share on revenues of $22.21 billion. Can the company manage the estimated 239.2% rise in EPS and 41.3% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Tuesday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $1.47 | $0.43 | $0.35 | $0.47 |
| EPS Actual | $1.30 | $0.80 | $0.39 | $0.51 |
Stock Performance:
As of October 26, 2011, Valero Energy's current share price was $25.15. Shares are up 9.4% year to date.
Average Stock Rating:
The average rating by analysts is a Hold.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Valero Energy's peers.
- Chevron (NYSE: CVX): Moderate Buy with a $3.85 recent quarter EPS
- Alon USA Energy (ALJ): Moderate Sell with a $0.30 recent quarter EPS
- CVR Energy (CVI): Strong Buy with a $1.47 recent quarter EPS
- Delek US Holdings (DK): Moderate Buy with a $0.80 recent quarter EPS
The oil refining and marketing company's industry has seen price/earnings growth of 4.3% during the current fiscal year.
Finally, a description of the company's main areas of operation: Valero Energy is an independent refining and marketing company, which owns and operates refineries in the United States and Canada.
Take Action:
Now that you've gotten an advanced peak at Valero Energy's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
- To see up-to-date news on Valero Energy, click here
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