Tesoro CorpFirst Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Tesoro Corporation (NYSE:TSO) will unveil its latest earnings on Wednesday, May 2, 2012. Tesoro is an independent petroleum refiner and marketer in the United States that refines crude oil, sells refined products in bulk and wholesale markets and sells motor fuels in the retail market.

Tesoro Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 26 cents per share, a decline of 64.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved up. It has dropped from 55 cents during the last month. For the year, analysts are projecting profit of $3.69 per share, a decline of 6.3% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 23 cents, coming in at a loss of 89 cents per share versus a mean estimate of net loss of 66 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 56 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 1.5% in revenue from the year-earlier quarter to $6.43 billion.

Analyst Ratings: Analysts seem relatively indifferent about Tesoro with seven of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $124 million (84 cents a share) from a profit of $3 million (2 cents) a year earlier, missing analyst expectations. Revenue rose 39.9% to $7.71 billion from $5.51 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 47.2% over the last four quarters.

Stock Price Performance: Between March 28, 2012 and April 26, 2012, the stock price dropped $4.43 (-15.9%), from $27.91 to $23.48. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 17.5% (+$3.64) over that span. It saw one of its worst periods between March 26, 2012 and April 11, 2012 when shares fell for 12 straight days, dropping 16.6% (-$4.75) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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