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Insights Into Valero Energy (VLO) Q3: Wall Street Projections for Key Metrics

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Wall Street analysts forecast that Valero Energy (VLO - Free Report) will report quarterly earnings of $21.28 per share in its upcoming release, pointing to a year-over-year increase of 481.4%. It is anticipated that revenues will amount to $37.39 billion, exhibiting an increase of 16.2% compared to the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 11.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

That said, let's delve into the average estimates of some Valero Energy metrics that Wall Street analysts commonly model and monitor.

The combined assessment of analysts suggests that 'Total operating revenues- Renewable diesel' will likely reach $1.82 billion. The estimate indicates a year-over-year change of +51.1%.

Analysts predict that the 'Total operating revenues- Ethanol' will reach $1.15 billion. The estimate indicates a change of -11.1% from the prior-year quarter.

Based on the collective assessment of analysts, 'Total operating revenues- Refining' should arrive at $37.84 billion. The estimate suggests a change of +24.4% year over year.

Analysts expect 'U.S. Mid-Continent region - Refining margin per barrel of throughput' to come in at $35.92 . Compared to the current estimate, the company reported $11.31 in the same quarter of the previous year.

The consensus estimate for 'U.S. West Coast region - Refining margin per barrel of throughput' stands at $39.29 . The estimate is in contrast to the year-ago figure of $15.22 .

The collective assessment of analysts points to an estimated 'U.S. Gulf Coast region - Refining margin per barrel of throughput' of $36.64 . The estimate is in contrast to the year-ago figure of $12.21 .

It is projected by analysts that the 'Refining - Throughput volumes per day' will reach 2,871.09 thousands of barrels of oil. The estimate compares to the year-ago value of 3,087.00 thousands of barrels of oil.

Analysts forecast 'U.S. Gulf Coast region - Throughput volumes per day' to reach 1,813.61 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 1,846.00 thousands of barrels of oil.

Analysts' assessment points toward 'U.S. Mid-Continent region - Throughput volumes per day' reaching 476.40 thousands of barrels of oil. The estimate compares to the year-ago value of 466.00 thousands of barrels of oil.

The average prediction of analysts places 'Refining - Refining margin per barrel of throughput' at $37.03 . Compared to the present estimate, the company reported $13.14 in the same quarter last year.

According to the collective judgment of analysts, 'North Atlantic region - Throughput volumes per day' should come in at 464.78 thousands of barrels of oil. The estimate compares to the year-ago value of 516.00 thousands of barrels of oil.

The consensus among analysts is that 'North Atlantic region - Refining margin per barrel of throughput' will reach $39.14 . The estimate compares to the year-ago value of $17.10 .

View all Key Company Metrics for Valero Energy here>>>

Shares of Valero Energy have experienced a change of +10.2% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong 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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