Valero Energy Corp First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Valero Energy Corporation (NYSE:VLO) will unveil its latest earnings on Tuesday, May 1, 2012. Valero Energy is an independent refining and marketing company, which owns and operates refineries in the United States and Canada.

Valero Energy Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 30 cents per share, a decline of 62.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate moved up. It has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 9.5% compared to last year’s $3.63.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net loss of 21 cents per share, and the previous quarter, it had net income of $2.11.

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Wall St. Revenue Expectations: Analysts predict a rise of 1.9% in revenue from the year-earlier quarter to $26.81 billion.

Analyst Ratings: Analysts are bullish on Valero Energy, as six analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $45 million (10 cents a share) from a loss of $438 million (77 cents) a year earlier, beating analyst estimates. Revenue rose 86.4% to $34.67 billion from $18.61 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 53.9% over the last four quarters.

Stock Price Performance: Between March 27, 2012 and April 25, 2012, the stock price dropped $3.36 (-12.2%), from $27.52 to $24.16. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 18, 2012, when shares rose for seven straight days, increasing 17.5% (+$3.42) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 18.7% (-$4.62) over that span.

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

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