Valero Energy (VLO - Free Report) closed at $79.47 in the latest trading session, marking a +0.06% move from the prior day. This move outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 0.25%.
Prior to today's trading, shares of the oil refiner had lost 12.81% over the past month. This has lagged the Oils-Energy sector's loss of 3.31% and the S&P 500's gain of 3.57% in that time.
Wall Street will be looking for positivity from VLO as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $1.09, down 6.03% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.87 billion, up 16.98% from the year-ago period.
VLO's full-year Zacks Consensus Estimates are calling for earnings of $6.30 per share and revenue of $117.48 billion. These results would represent year-over-year changes of +27.02% and +25%, respectively.
It is also important to note the recent changes to analyst estimates for VLO. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 2.66% lower within the past month. VLO is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that VLO has a Forward P/E ratio of 12.61 right now. This represents a discount compared to its industry's average Forward P/E of 13.07.
It is also worth noting that VLO currently has a PEG ratio of 0.67. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. VLO's industry had an average PEG ratio of 1 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.