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Gear Up for Valero Energy (VLO) Q2 Earnings: Wall Street Estimates for Key Metrics
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The upcoming report from Valero Energy (VLO - Free Report) is expected to reveal quarterly earnings of $9.87 per share, indicating an increase of 332.9% compared to the year-ago period. Analysts forecast revenues of $35.95 billion, representing an increase of 20.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 61.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Valero Energy metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Total operating revenues- Ethanol' will likely reach $1.17 billion. The estimate indicates a year-over-year change of -2.8%.
Analysts predict that the 'Total operating revenues- Refining' will reach $38.15 billion. The estimate suggests a change of +34.7% year over year.
The average prediction of analysts places 'U.S. Mid-Continent region - Refining margin per barrel of throughput' at $19.37 . The estimate compares to the year-ago value of $10.52 .
It is projected by analysts that the 'U.S. West Coast region - Refining margin per barrel of throughput' will reach $27.70 . The estimate is in contrast to the year-ago figure of $18.02 .
Analysts' assessment points toward 'U.S. Gulf Coast region - Refining margin per barrel of throughput' reaching $22.30 . The estimate compares to the year-ago value of $11.78 .
Analysts forecast 'Refining - Throughput volumes per day' to reach 2,820.71 thousands of barrels of oil. The estimate compares to the year-ago value of 2,922.00 thousands of barrels of oil.
Based on the collective assessment of analysts, 'U.S. Gulf Coast region - Throughput volumes per day' should arrive at 1,734.60 thousands of barrels of oil. The estimate compares to the year-ago value of 1,841.00 thousands of barrels of oil.
The consensus among analysts is that 'U.S. Mid-Continent region - Throughput volumes per day' will reach 464.09 thousands of barrels of oil. Compared to the present estimate, the company reported 423.00 thousands of barrels of oil in the same quarter last year.
Analysts expect 'Refining - Refining margin per barrel of throughput' to come in at $21.70 . Compared to the present estimate, the company reported $12.35 in the same quarter last year.
According to the collective judgment of analysts, 'North Atlantic region - Throughput volumes per day' should come in at 494.95 thousands of barrels of oil. Compared to the current estimate, the company reported 396.00 thousands of barrels of oil in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'North Atlantic region - Refining margin per barrel of throughput' of $20.24 . Compared to the present estimate, the company reported $13.20 in the same quarter last year.
The consensus estimate for 'U.S. West Coast region - Throughput volumes per day' stands at 127.08 thousands of barrels of oil. The estimate compares to the year-ago value of 262.00 thousands of barrels of oil.
Shares of Valero Energy have experienced a change of +14.5% in the past month compared to the +1.7% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), VLO is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Valero Energy (VLO) Q2 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Valero Energy (VLO - Free Report) is expected to reveal quarterly earnings of $9.87 per share, indicating an increase of 332.9% compared to the year-ago period. Analysts forecast revenues of $35.95 billion, representing an increase of 20.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 61.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Valero Energy metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Total operating revenues- Ethanol' will likely reach $1.17 billion. The estimate indicates a year-over-year change of -2.8%.
Analysts predict that the 'Total operating revenues- Refining' will reach $38.15 billion. The estimate suggests a change of +34.7% year over year.
The average prediction of analysts places 'U.S. Mid-Continent region - Refining margin per barrel of throughput' at $19.37 . The estimate compares to the year-ago value of $10.52 .
It is projected by analysts that the 'U.S. West Coast region - Refining margin per barrel of throughput' will reach $27.70 . The estimate is in contrast to the year-ago figure of $18.02 .
Analysts' assessment points toward 'U.S. Gulf Coast region - Refining margin per barrel of throughput' reaching $22.30 . The estimate compares to the year-ago value of $11.78 .
Analysts forecast 'Refining - Throughput volumes per day' to reach 2,820.71 thousands of barrels of oil. The estimate compares to the year-ago value of 2,922.00 thousands of barrels of oil.
Based on the collective assessment of analysts, 'U.S. Gulf Coast region - Throughput volumes per day' should arrive at 1,734.60 thousands of barrels of oil. The estimate compares to the year-ago value of 1,841.00 thousands of barrels of oil.
The consensus among analysts is that 'U.S. Mid-Continent region - Throughput volumes per day' will reach 464.09 thousands of barrels of oil. Compared to the present estimate, the company reported 423.00 thousands of barrels of oil in the same quarter last year.
Analysts expect 'Refining - Refining margin per barrel of throughput' to come in at $21.70 . Compared to the present estimate, the company reported $12.35 in the same quarter last year.
According to the collective judgment of analysts, 'North Atlantic region - Throughput volumes per day' should come in at 494.95 thousands of barrels of oil. Compared to the current estimate, the company reported 396.00 thousands of barrels of oil in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'North Atlantic region - Refining margin per barrel of throughput' of $20.24 . Compared to the present estimate, the company reported $13.20 in the same quarter last year.
The consensus estimate for 'U.S. West Coast region - Throughput volumes per day' stands at 127.08 thousands of barrels of oil. The estimate compares to the year-ago value of 262.00 thousands of barrels of oil.
View all Key Company Metrics for Valero Energy here>>>Shares of Valero Energy have experienced a change of +14.5% in the past month compared to the +1.7% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), VLO is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .