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Valero Energy (VLO) Gains But Lags Market: What You Should Know
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Valero Energy (VLO - Free Report) closed the most recent trading day at $92.59, moving +1.44% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.12%. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Coming into today, shares of the oil refiner had lost 21.08% in the past month. In that same time, the Oils-Energy sector lost 8.07%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from VLO as it approaches its next earnings release, which is expected to be February 7, 2019. On that day, VLO is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 11.21%. Our most recent consensus estimate is calling for quarterly revenue of $30.87 billion, up 16.98% from the year-ago period.
VLO's full-year Zacks Consensus Estimates are calling for earnings of $6.47 per share and revenue of $118.14 billion. These results would represent year-over-year changes of +30.44% and +25.71%, respectively.
Investors might also notice recent changes to analyst estimates for VLO. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. VLO is currently a Zacks Rank #3 (Hold).
Investors should also note VLO's current valuation metrics, including its Forward P/E ratio of 14.11. Its industry sports an average Forward P/E of 14.55, so we one might conclude that VLO is trading at a discount comparatively.
We can also see that VLO currently has a PEG ratio of 0.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 110, putting it in the top 43% 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.
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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Valero Energy (VLO) Gains But Lags Market: What You Should Know
Valero Energy (VLO - Free Report) closed the most recent trading day at $92.59, moving +1.44% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.12%. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Coming into today, shares of the oil refiner had lost 21.08% in the past month. In that same time, the Oils-Energy sector lost 8.07%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from VLO as it approaches its next earnings release, which is expected to be February 7, 2019. On that day, VLO is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 11.21%. Our most recent consensus estimate is calling for quarterly revenue of $30.87 billion, up 16.98% from the year-ago period.
VLO's full-year Zacks Consensus Estimates are calling for earnings of $6.47 per share and revenue of $118.14 billion. These results would represent year-over-year changes of +30.44% and +25.71%, respectively.
Investors might also notice recent changes to analyst estimates for VLO. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. VLO is currently a Zacks Rank #3 (Hold).
Investors should also note VLO's current valuation metrics, including its Forward P/E ratio of 14.11. Its industry sports an average Forward P/E of 14.55, so we one might conclude that VLO is trading at a discount comparatively.
We can also see that VLO currently has a PEG ratio of 0.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Refining and Marketing was holding an average PEG ratio of 1.09 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 110, putting it in the top 43% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.