S&P 500 (NYSE:SPY) component Tesoro Corporation (NYSE:TSO) will unveil its latest earnings on Wednesday, August 3, 2011. Tesoro Corporation is an independent petroleum refiner and marketer in the United States that: refines crude oil and sells refined products in bulk and wholesale markets and sells motor fuels in the retail market. Chevron Corporation Earnings Cheat Sheet: Boosts Topline Growth>>
Tesoro Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.32 per share, a rise of more than fourfold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 89 cents. Between one and three months ago, the average estimate moved up, and has risen from $1.21 during the last month. For the year, analysts are projecting net income of $3.28 per share, a swing from net loss of 28 cents last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 74 cents per share against a mean estimate of net income of 61 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 6 cents.
Wall St. Revenue Expectations: On average, analysts predict $7.2 billion in revenue this quarter, a rise of 40.1% from the year ago quarter. Analysts are forecasting total revenue of $25.88 billion for the year, a rise of 25.8% from last year’s revenue of $20.58 billion.
Analyst Ratings: Analysts are bullish on Tesoro as seven analysts rate it as a buy, two rate it as a sell and eight rate it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 23.7%, with the biggest boost coming in the most recent quarter when revenue rose 41.7% from the year earlier quarter.
Competitors to Watch: Valero Energy Corporation (NYSE:VLO), Alon USA Energy, Inc. (NYSE:ALJ), Western Refining, Inc. (NYSE:WNR), Sunoco, Inc. (NYSE:SUN), Frontier Oil Corporation (NYSE:FTO), Holly Corporation (NYSE:HOC), Delek US Holdings, Inc. (NYSE:DK), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), CVR Energy, Inc. (NYSE:CVI), and Chevron Corporation (NYSE:CVX).
Stock Price Performance: During June 29, 2011 to July 28, 2011, the stock price had risen $1.92 (8.7%) from $22.12 to $24.04. 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, rising 17.5% (+$3.64) over that span. It saw one of its worst periods between August 9, 2010 and August 20, 2010 when shares fell for 10-straight days, falling 14% (-$1.84) over that span. Shares are up $5.50 (+29.7%) year to date.
(Source: Xignite Financials)