Valero Energy Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Valero Energy (NYSE:VLO) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Valero Energy is an independent refining and marketing company, which owns and operates refineries in the United States and Canada.

Valero Energy Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.17 per share, up from net loss of 21 cents in the year-earlier quarter. During the past three months, the average estimate has moved up from $1. Between one and three months ago, the average estimate moved up. It has risen from $1.06 during the last month. Analysts are projecting profit to rise by 21.4% compared to last year’s $4.87.

Past Earnings Performance: Last quarter, the company beat estimates by 15 cents, coming in at net income of $1.90 a share versus the estimate of profit of $1.75 a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the third quarter, profit fell 44% to $674 million ($1.21 a share) from $1.2 billion ($2.11 a share) the year earlier, but exceeded analyst expectations. Revenue rose 3% to $34.73 billion from $33.71 billion.

Here’s how Valero Energy traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: