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Valero Energy (VLO) Ascends While Market Falls: Some Facts to Note
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Valero Energy (VLO - Free Report) ended the recent trading session at $154.28, demonstrating a +1.49% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.69%. Meanwhile, the Dow experienced a drop of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.82%.
Shares of the oil refiner witnessed a gain of 12.57% over the previous month, beating the performance of the Oils-Energy sector with its gain of 3.08%, and the S&P 500's gain of 3.79%.
The investment community will be closely monitoring the performance of Valero Energy in its forthcoming earnings report. In that report, analysts expect Valero Energy to post earnings of $3.05 per share. This would mark year-over-year growth of 167.54%. Simultaneously, our latest consensus estimate expects the revenue to be $29.5 billion, showing a 10.28% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.17 per share and revenue of $117.3 billion. These totals would mark changes of -15.45% and -9.69%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Valero Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. Valero Energy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Valero Energy currently has a Forward P/E ratio of 21.19. For comparison, its industry has an average Forward P/E of 18, which means Valero Energy is trading at a premium to the group.
We can also see that VLO currently has a PEG ratio of 3.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 1.51.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% 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) Ascends While Market Falls: Some Facts to Note
Valero Energy (VLO - Free Report) ended the recent trading session at $154.28, demonstrating a +1.49% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.69%. Meanwhile, the Dow experienced a drop of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.82%.
Shares of the oil refiner witnessed a gain of 12.57% over the previous month, beating the performance of the Oils-Energy sector with its gain of 3.08%, and the S&P 500's gain of 3.79%.
The investment community will be closely monitoring the performance of Valero Energy in its forthcoming earnings report. In that report, analysts expect Valero Energy to post earnings of $3.05 per share. This would mark year-over-year growth of 167.54%. Simultaneously, our latest consensus estimate expects the revenue to be $29.5 billion, showing a 10.28% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.17 per share and revenue of $117.3 billion. These totals would mark changes of -15.45% and -9.69%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Valero Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. Valero Energy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Valero Energy currently has a Forward P/E ratio of 21.19. For comparison, its industry has an average Forward P/E of 18, which means Valero Energy is trading at a premium to the group.
We can also see that VLO currently has a PEG ratio of 3.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 1.51.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 30% 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.