Tesoro Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tesoro Corporation (NYSE:TSO) will unveil its latest earnings on Wednesday, November 2, 2011. 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 estimate of analysts is for net income of $1.70 per share, a rise of more than threefold 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 91 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.40 during the last month. For the year, analysts are projecting profit of $5 per share, a swing from net loss of 28 cents last year.

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 income of $1.65 per share, and the previous quarter, it had profit of 74 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $8.07 billion in revenue this quarter, a rise of 51.7% from the year ago quarter. Analysts are forecasting total revenue of $28.01 billion for the year, a rise of 36.1% from last year’s revenue of $20.58 billion.

Analyst Ratings: Analysts are bullish on Tesoro as five analysts rate it as a buy, two rate it as a sell and six rate it as a hold.

A Look Back: In the second quarter, profit rose more than threefold to $218 million ($1.52 a share) from $67 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 54.8% to $7.96 billion from $5.14 billion.

Key Stats:

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 31.7%, with the biggest boost coming in the most recent quarter when revenue rose 54.8% 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 September 29, 2011 to October 27, 2011, the stock price had risen $6.83 (33.7%) from $20.25 to $27.08. 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 September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 21.9% (-$5.30) over that span. Shares are up $8.54 (+46.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

More from The Cheat Sheet